“For a while it has been tough to own Apple (AAPL),” Jay M. Taylor writes for Seeking Alpha. “But now Apple investors have something to get excited about.”
“Though the headline numbers are huge, this earnings report was much bigger than the headline numbers. Yesterday’s announcement was filled with news that should be music to the ears of shareholders,” Taylor writes. “I’ve highlighted the five major reasons that the Apple earnings report is such a big deal.”
1. Apple destroyed analyst expectations for EPS and revenue
2. Apple’s gross product margin has stabilized
3. Apple boosted its stock repurchase program: “Apple’s buyback program alone would be among the world’s 100 largest companies.”
4. Apple announced a 7:1 stock split
5. Apple boosted its dividend and plans to continue doing so
“I think what Apple just put in place will attract investors, not just traders,” Taylor writes. “What I heard yesterday is exactly what I and many other Apple investors have been waiting for. A cash-rich, shareholder-friendly, money-printing machine is exactly the kind of company I want to own for a long time. And that’s exactly what is going to attract new investors to Apple right now and send shares flying higher.”
Read more in the full article here.
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