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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (53280)	1/31/2014 1:35:35 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78742

Although I agree with you that companies frequently overpay in stock buybacks, ADT story as other data is anecdotal. If ADT had done well and stock had gone up, Herb wouldn't have written an article praising the board and the activist shareholder. He only wrote it because stock went down and he got a "story" to sell. In case of AAPL, I don't see Tim Cook or others in the company with any good ideas on where to spend the money. So I'd support Icahn there. AAPL does not need the cash and it does not know what to do with the cash. If they don't return it as dividend or buybacks, they likely will fritter it away in some crappy deal. Although the part of lack of imagination on Tim Cook's side is that he probably lacks imagination to do a (crappy) deal either. It's not in AAPL genes to buy Skype, Autonomy, Motorola or Instagram. :) So probably Cook and Icahn are closer in thinking than they look. :) Disclosure: I have an AAPL position.