All Eyes on Apple (AAPL) on Potential Shareholder Friendly Action Ahead of Annual Meeting
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Apple's (AAPL) Cook on Falling Stock Price: 'I Don't Like It'
February 27, 2013 12:33 PM ESTApple, Inc. (NASDAQ: AAPL) CEO Tim Cook -- who received 99.1 percent of votes for re-election -- said he "doesn't like" the stock price falling. He also commented that Apple has "some great stuff coming." Apple remains focused on the long-term, Cook said.
Shares of Apple are down slightly Wednesday.... More
Apple (AAPL) Says Majority Voting on Preferred Shares Coming in Future
February 27, 2013 12:21 PM ESTApple, Inc. (NASDAQ: AAPL) says majority voting on preferred shares will be coming in the future and that it is committed to majority voting on various proxy items.
Comments are being made at the company's annual general meeting today, in which all board members are in attendance.... More
Dividend, Buyback Will Do Little to Change Apple (AAPL) Trajectory - Analyst
February 27, 2013 12:02 PM ESTApple, Inc. (Nasdaq: AAPL) holders are hoping that a preferred dividend or other capital allocation strategy will be... More
Doug Kass Says Apple (AAPL) Stock Split Rumors Seems 'Baseless'
February 26, 2013 3:10 PM ESTOn Apple Inc. (NASDAQ: AAPL), Doug Kass is throwing cold water on stock split rumors. Kass said the rumor seems baseless based on the current share authorization.
@DougKass
"Apple continues to climb - now up by over $8. I continue... More
Another Day, Another Idea to Save Apple (AAPL); How about a 10-for-1 Split?
February 26, 2013 2:58 PM ESTLast Friday, David Einhorn won a court ruling against Apple (Nasdaq: AAPL) blocking the tech giant from introducing a corporate governance proposal that would have made it harder for the company to issue preferred shares. The ruling keeps the door open on a fringe plan by the hedge fund manager, who wants Apple to offer preferred shares (iPrefs) as a way to return capital to shareholders, which he says will boost Apple stock by $150 per share.... More
Apple (AAPL) Ramps Higher on Chatter of Possible Split
February 26, 2013 2:37 PM ESTApple, Inc. (Nasdaq: AAPL) shares have been on the rise following market chatter that the company might announce a stock split at its annual meeting on Wednesday.
Though rumors have been circulating, at least Seabreeze Partners' Doug Kass posted a message on... More
Apple (AAPL) Erases Losses, Now Back in Positive Territory
February 26, 2013 1:52 PM ESTApple Inc. (AAPL) shares are showing a little life this afternoon, popping back into positive territory on volume.
No specific news is out on the stock today, or anything that would cause said move.
Currently, Apple is up about 0.4 percent after being negative most of the... More
David Einhorn's Apple (AAPL) 'iPrefs' Presentation
February 21, 2013 3:59 PM EST(Updated - February 21, 2013 5:54 PM EST)
David Einhorn of Greenlight Capital took his case on Apple (NASDAQ: AAPL) directly to shareholders Thursday, suggesting the iPhone maker could unlock billions of dollars of shareholder value by issuing a new perpetual preferred stock he coined 'iPrefs.'
Einhorn first discussed this novel ideal earlier in the month, which triggered a direct response from Apple saying they would review the idea. Since that time, critics have come out against Einhorn's plan, calling it 'complicated.' Many say Apple should just focus on share repurchases or dividends. Einhorn addressed the critics and called his idea "simple and innovative."
Addressing the Silicon Valley lore that there is no reward for distributing cash, Einhorn said while this may be the case for bloated tech stocks buying at the highs, Apple is a rare case because of its low valuation. Einhorn showed how shareholder friendly tech companies like IBM (NYSE:... More
