“On Monday, Apple released results for fiscal Q2, and had an earnings call,” J. M. Manness writes for Seeking Alpha. “There was a lot for the Apple investor to like in both the announcement and the call, but there was one small thing said that should have been a wake up call to investors, but was generally overlooked in the recent discussions.”
“I believe that Apple management does not say anything in an earnings call that it does not mean, and Cook is always meticulous about his wording,” Manness writes. “This is why I place such emphasis on the comments.
So, the following two points are evident:
1. Apple clearly has more products coming, and
2. Apple strongly believes the stock will appreciate significantly over the next few years, and thus buying back shares at current prices will be a bargain for shareholders.
Much more in the full article here.