“We can safely assume that the management at Apple knows what lies behind the thick corporate veil better than anyone else,” Ugly Duckling, a mutual fund analyst, writes for Seeking Alpha.
“What we do know is that [Apple CEO Tim] Cook promised new products, and the leaks of parts and rumors from the supply chain has confirmed it,” Ugly Duckling writes. “The day Apple stops buying back its own shares is the day you should sell.”
Ugly Duckling writes, “Until then, you can rest assured that the shares are undervalued.”
Much more in the full article here.