“It’s been a couple of weeks now since I reported on Apple (AAPL), which was a wrap-up of the company’s fiscal third quarter results. While I was slightly disappointed with some of the results, overall I thought that the report gave investors more hope going forward. Investors have obviously agreed, as shares have risen roughly 17.6% since the report,” Bill Maurer writes for Seeking Alpha. “Right now, we are in a holding pattern, waiting for the next major announcement out of Apple.”
“Carl Icahn entered the picture on Tuesday, and that could cause some choppiness for the stock. Add in the fact that estimates call for three straight quarters of less than 1% revenue growth, and Apple seems rather boring these days,” Maurer writes. “But don’t worry, boring can be beautiful, and that’s Apple at the moment.”
Maurer writes, “Right now, Apple may seem boring, but exciting things are coming. We are just about a month away from the next series of product launches, and that optimism is reflected in the stock’s recent movements. Apple investors should continue what they are doing now, receiving a sizable dividend, watching the company spend billions on share buybacks, and accumulating on pullbacks. Unfortunately, those pullbacks are now coming at higher and higher prices, but it happens.”
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