“Is it possible that a company that grew to be the dominant axe in Technology, became the largest capitalization firm in the world, and created many new categories of products, is still misunderstood by Wall Street and the Financial Press?,” Barry Ritholtz writes for The Big Picture.
“The short answer is yes,” Ritholtz writes. “Apple (AAPL) remains an enigma to much of the Street. The longer answer is nuanced and complex. and therefore ignored by most players.”
Ritholtz writes, “In no particular order, lets look at a few points on Apple prior to their earnings report this afternoon: Apple garners most of the profits in the mobile space. Android may be capturing market share, but you get that when you give your product away for free. Will Apple use some of its huge cash hoard to raise its dividend? Possibly. Will it also do more stock buybacks? I hope not — its a colossal waste of money to anyone except Wall Street financial engineers.”
Much more in the full article – recommended – here.
[Thanks to MacDailyNews Reader “Daddy” for the heads up.]