Join        Login             Stock Quote

Apple, Your Stock Has Become A Distraction

 January 09, 2013 07:37 PM

Really, Tim Cook.  It's time to put an end to the trading mania around your stock.  My calculations today that $12.86 billion worth of stock that traded today was 58% of entire dollar volume ($12.86 billion)of the most popular ETF out there, the SPY.  That's just plain ridiculous and it wasn't even an unusual volume day for Apple.  Clearly the stock is now getting in the way of innovation,hiring, and retention of employees.

Can you think of anything better to do with your mountain of cash than buy back your own stock.  Apple is trading near 8 times earnings when you subtract out the $131 billion in cash.  I've heard some analysts recommend that you buy back 10% of the Company.  That's a no brainer when you can borrow the money at less than 2% and not even have to repatriate the cash.  No company can buy Apple because it's too valuable but then again- you could.  Maybe Apple should buy Apple.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageUS REITs Edged Higher Last Week As Emerging Markets Slumped

Real estate investment trusts (REITs) in the US took the lead in last week’s shortened holiday trading week read on...

article imageA Contrarian Perspective On The Short EuroTtrade

As the euro continues to drift lower, it has become the accepted wisdom that we are headed for parity with read on...

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.