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Technology Stocks : Apple Inc.

AAPL 259.17

0.0%

3:53 PM EST

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To: slacker711 who wrote (165578)	2/7/2014 11:25:04 AM
From: Moonray	3 Recommendations Recommended By HerbVic MGV Stock Puppy Read Replies (1) of 213181

Apple Just Added About $0.80 To Its EPS Over The Next Year In an interview with the Wall Street Journal Apple’s CEO, Tim Cook, said that the company had bought back $14 billion of its shares in the ten days since it reported its December quarter results. Cook said he wanted to be “aggressive” and “opportunistic”. (Note that my family and I own Apple shares). Good move on Apple’s part One of the biggest complaints about company management’s and stock buybacks is that they tend to buy when the stock is high and not when it has fallen. It is hard to make a case that the stock is expensive with it selling at a 11.3x PE multiple and having almost 30% of its market cap in cash (about 18% when you adjust for additional taxes that would have to be paid on overseas cash and set aside $20 billion to run the business). If Apple paid an average price of $500 it would have bought 28 million shares or just over 3% of the total outstanding (892 million as of January 10 per the 10-Q). At an average of 4 million per day it was about 19% of the total volume that has traded since January 27. Increases EPS by about $0.80 over a full year More at: forbes.com o~~~ O

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