“If you bought Apple (AAPL) at the close, just over a year ago, for $353.21, you’re sitting on a roughly 47.2% profit today,” Rocco Pendola writes for Seeking Alpha. “If you got in two years ago at $204.62 and held, that’s 154.1% upside. And you want more? You’re nothing but a self-entitled, little…”
“That might be a bit drastic, but step back and put things in perspective. You own a piece of the world’s greatest company. Its stock has returned 47% and 154% over the last two years, respectively. And the company just reported the blowout quarter of all blowout quarters,” Pendola writes. “Yet, we have geniuses lining up for days acting as if they know what Apple should do next. Trust me, you’re better off sticking to telling Reed Hastings what to do at Netflix.”
Pendola writes, “Pay a dividend? I just do not get it. If you’re Morgan Stanley (MS) of course you want a dividend. If you get one you see your “bull case” of $600 playing out sooner rather than later and you can savor expensive brandy with your fellow millionaires as you bask in the afterglow. I’ve got news for you, with or without a dividend, AAPL is going to $600. The only thing that can screw that up is this team of forced introverts taking their eyes off of the ball… I do not understand why Apple shareholders, especially the ones who actually go to the bloody shareholder meeting every year, want to turn this company into every other inferior company on Earth. Let a roaring dog roar.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “James M. Gross” and “Carl H.” for the heads up.]