“Apple Inc. Chief Executive Tim Cook is doing exactly what Albert Einstein said defined insanity — doing the same thing over and over again and expecting different results, according to analyst Trip Chowdhry at Global Equities Research,” Tomi Kilgore reports for MarketWatch.
“Given how badly the stock has performed relative to the broader market since the company started raising debt to pay out dividends and make share repurchases,” Kilgore reports, “Chowdhry suggests it would seem crazy that Maestri and Cook continue to make the same mistake.”
“‘Apple share buybacks have been a complete disaster,’ Chowdhry wrote,” Kilgore reports. “The analyst compared Cook to John Sculley, Apple CEO from 1983 to 1993, who Chowdhry says was ‘instrumental in destroying Apple, and evaporating cash from the balance sheet.’ Apple started paying its first dividend under Sculley’s reign in May 1987.”
Read more in the full article here.
MacDailyNews Take: We knew this would be Trippy Chowderhead the second we saw the headline.
SEE ALSO:
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No, Apple is not dying and neither is the iPhone – January 27, 2016
Piper Jaffray: iPhone to resume growth in 2016 despite poor macroeconomy – January 27, 2015
Apple reaps $18.4 billion quarterly profit, the largest ever recorded by a single public corporation – January 26, 2016
Apple beats on earnings; sets all-time records for revenue, net income, and EPS – January 26, 2016
MacDailyNews presents live notes from Apple’s Q116 Conference Call – January 26, 2016
Apple beats Street with all-time record quarterly earnings – January 26, 2016
To call a Sikh who are required to wear turbans Chowderhead is racial insensitivity at its worst. Shame on you MDN.
Second, he is telling the TRUTH. After burning 150 billion dollars what has TC achieved? Share price is in the toilet. Apple gets no respect. Products are a mixed bag of good and so so. Wake up Apple lovers! You don’t have to justify TC’s insanity. If he stays any longer, Google wins hands down.
great article