Sales down? No problemo. Do a Buyback. Increase Div.

This started with Palmisano at IBM in the mid aughts. Buyback to boost EPS even if it meant borrowing to do so. Ofc rates were silly at the time.

it’s been going on for decades. The book the outsiders shows the greatest users of it. It’s an excellent way to create long term shareholder value, especially if you do it when the market values your shares poorly.
 
it’s been going on for decades. The book the outsiders shows the greatest users of it. It’s an excellent way to create long term shareholder value, especially if you do it when the market values your shares poorly.


Sure as their ROIC ratio has been stellar (4).
 
I am fine with the buy back and dividend raise...

I bought back an option a month or so ago...Didn't want it called away.

I own 2 covered calls on AAPL...Income while I bide my time.

9/20/24 one for the $225. I made $260. on the option.

12/20/24 one for the $230. I made $255. on the option.

Buy that stock back Tim!!
 
This started with Palmisano at IBM in the mid aughts. Buyback to boost EPS even if it meant borrowing to do so. Ofc rates were silly at the time.
Isn't that why they moved on to using EBITDA?
 
Isn't that why they moved on to using EBITDA?

I believe Ebitda was a creation by John Malone to show that his cable business was profitable. They had laid 50billion in cable and the depreciation was crushing their earnings despite generating tons of cash flow. Eventually the capex would be fully depreciated but the cash flow would remain.
 
Sure as their ROIC ratio has been stellar (4).

If I were Tim Cook, I would be buying back 100bn of stock every year from the public. Within 20 years or so, Apple will essentially be private and he will be a trillionaire.
 
upload_2024-5-3_8-46-18.jpeg
 
lol.buying AAPL here is analogous to buying T before their DirecTV purchase. Good luck with it.
I'm sure they are desperately looking at companies to buy...the fact that they havent even floated a rumor is worrying regarding what's out there to be bought. They were prolly deep into an AI company's DD..but the wheels feel off of the AI bubble very very fast so they just did a Buy Back PR.
 
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