By Ed Sutherland on Aug 19, 2013
Although Apple is set to buy back $60 billion of company stock through 2015, experts are advising CEO Tim Cook and others to boost that figure. An additional $50 billion stock repurchase could add $4.25 to share value at little cost to the cash-rich technology giant, according to one Wall Street analyst and activist investor Carl Icahn.
Icahn, who recently bought $1.5 billion of Apple stock, helped Apple tock surpass $500 per share… Read More
By Cody Lee on Feb 27, 2013
Apple held its annual shareholder meeting this morning on its Cupertino campus. The company used the gathering to address concerns of investors, offer up some insight into its future, and of course to vote on a number of proposals.
Tim Cook did a lot of the talking, and fielded some pretty difficult questions from shareholders who are obviously disappointed with Apple’s recent stock slide. As usual, we have a roundup of all of the interesting stuff after the fold… Read More
By Cody Lee on Feb 7, 2013
Apple has just issued a statement regarding its commitment to return some of its extremely large—now more than $130 billion— cash pile to shareholders, saying that the company and its Board of Directors are in “active discussions” on what to do with its money.
The comment follows a press release sent to Apple investors this morning by Greenlight Capital, a major Apple shareholder, calling for the Cupertino-based iPhone maker to stop ‘hoarding its cash,’ and start returning some of it to its large base of stock holders… Read More
By Cody Lee on Jan 16, 2013
Apple notified the U.S. Securities and Exchange Commission yesterday that it will be holding its annual shareholder meeting on February 27, and boy do they have a lot talk about.
The meeting will be held at Apple’s 1 Infinite Loop campus in Cupertino, where stock holders (as of January 2, 2013) will be able to attend and vote on a variety of proposed measures… Read More
By Ed Sutherland on Nov 26, 2012
After a six-month absence on the Apple watch, Citi has returned – and with a strong recommendation to buy shares of the consumer electronics giant. After hitting a particular rough patch that included a sell-off one observer called “the insanity of insanity”, Apple’s stock is set to rebound 20-50 percent.
Citi’s new Apple watcher, Glen Yeung, told investors Monday that Apple’s drop in share price has likely hit bottom. Indeed, in most cases, shares will climb back within twelve months. Yeung said the stock should hit $675… Read More