Posted by DigiNomad on 2nd of May 2024 at 04:55 pm
That just means they have no good uses for cash to increase
future growth. Not exactly a great sign.
That is one way to engineer EPS growth though....buy down the
denominator. Makes more sense when interest rates on cash are
near 0%. With rates around 5%, it's a questionable
strategy.
Announced massive $110 billion stock
Apple beat by less than 1%...if I'm reading it right. ...
Posted by EdZ on 2nd of May 2024 at 04:54 pm
Announced massive $110 billion stock buyback program.
That just means they have
Posted by DigiNomad on 2nd of May 2024 at 04:55 pm
That just means they have no good uses for cash to increase future growth. Not exactly a great sign.
That is one way to engineer EPS growth though....buy down the denominator. Makes more sense when interest rates on cash are near 0%. With rates around 5%, it's a questionable strategy.
Ha! Karen Finerman agrees with
Posted by DigiNomad on 2nd of May 2024 at 05:06 pm
Ha! Karen Finerman agrees with me that the buyback makes no sense and is not accretive in a 5% world.
Of course CNBC is screaming
Posted by DigiNomad on 2nd of May 2024 at 05:05 pm
Of course CNBC is screaming APPLE BEAT! But wow, overall Iphone sales down 10.5%! (what they say outloud is that sales are up in China).
I hope it stays elevated until the open tomorrow. I'm going to buy some puts (if it holds).