“Apple’s stock is the worst-loved piece of paper in the universe,” Jim Cramer writes for The Street. “Anything that’s said about Apple is all viewed as damning with faint praise, right down to the billion-dollar stake Berkshire Hathaway (BRK.A, BRK.B) just took in the company.”
“I say that because within minutes of learning about the 9.81-million-share position, we also heard that it wasn’t Buffett’s position, it was either Todd Combs’ or Ted Weschler’s, two underlings. In other words, it doesn’t even count as an Oracle of Omaha name!” Cramer writes. “To which I say, give me a break. This is the first time I can ever recall that you have to asterisk a Buffett buy.”
“So goes the hate affair with Apple from those who profess to love it,” Cramer writes. “When a company misses, the logical process is a sea of downgrades, a lowered share price, and then upgrades when the worst is built in. Until that happens, all I can say is, the loving hate affair with Apple will continue. Bottoming is a process. This one’s stunted. Hence the faint praise that damns.”
Much more in the full article here.
MacDailyNews Take: This too shall pass.
SEE ALSO:
George Soros’ hedge fund takes new stake in Apple, sells off 90% of Alphabet holdings – May 17, 2016
Leon Cooperman buys stake in Apple – May 16, 2016
Buffett saved $460 million by waiting to swap AT&T for Apple – May 16, 2016
Warren Buffett takes shine to Apple – May 16, 2016
Warren Buffett’s Berkshire Hathaway takes new $1 billion stake in Apple – May 16, 2016
Welcome to the stock market Cramer.:)
The “Cramers” in the market love a stock that goes “up and down.” How else can they game their returns better?
Trading and investing are two totally different things. Most people, not all, commenting here on either of those have no idea what they are talking about. Cramer is a very smart guy, but he is also an entertainer on TV.
To your comment – Professional traders are more concerned with movement rather than medium or long term direction of the movement. Movement and lots of it is what makes money for them. They are not “gaming” their returns. In trading, it’s all business. None of it is personal. To 99% of the people reading blogs like this, it is 99% personal when there beloved Apple is involved. Smart investors couldn’t care less what the entertainers say and entertainers includes the analysts and their made for the media pronouncements.
Betting on Tim Cook is a precarious proposition, but still an easy decision to make. Just ask yourself a few questions:
Does Apple CEO lack vision = yes
Is Apple CEO just a caretaker = yes
Is Apple CEO prone to screwups = hell yes
Is Apple CEO incompetent = yes again
Is Apple CEO producing ground breaking products = hell no
Is Apple CEO distracted with outside matters unrelated to work performance = exactamundo
The choice is easy, don’t trust the activist with your billion dollar investment fund. He already told you all to go pound sand if you don’t like the gay themed, fashion over substance oriented company that he turned Apple into.
I no longer see any point in bothering to even read your points. You’re just a little turd who likes to abuse others because you hate yourself. You post your hate and nonsense anonymously because you’d be embarrassed if anyone could actually look you in the eye and point out that you’re just a little turd who likes to abuse others because you hate yourself.
I’ve just made a clipping of the above in order to easily post it over and over again until you’re bored to tears and figure out that you really are a little turd who likes to abuse others because you hate yourself.
There is a way to end all this, and I don’t mean ending you. I mean making the choice you’ve always had to take the road ahead that leads to your best self. It’s there! Find it kiddo.
Joe, in case Derek wasn’t clear enough – you’re just a little turd who likes to abuse others because you hate yourself.
But seriously, please share with us:
– How old you are
– If old enough, what company you run or job you have
– What kind of pathetic life you have, to have so much time for this incessant trolling.
Are you just another trolling tosser. Is the Pope Catholic.
Sad the rapacious, quick to disparage supercilious imbeciles like Joe (aka current pseudonym “All Tim Cook”) here who have a problem distinguishing fact from fiction. Have you figured out how pointless your points are here yet? Have you no courage to use your real name to back up the insanity of your convictions?
I see you’re writing a checklist.
Do you need some help?
You have zero idea what you are talking about. What are your credentials to evaluate Apple’s performance, market evolution, Cook’s performance and Apple’s financial results? Seriously, you come on here with your guns blazing for Cook and what qualifies you to be taken seriously? Your homophobia is so blatant it’s beyond sad. It’s revulsion near its peak.
The arrogance that you know better than proven successful investors who are not traders is a stench that follows you around. It permanently part of your aura. Your posts are neither witty or creative. They are just hate and bigotry packed in a way you think conceals your essence. You’ve failed.
Apple hate is perennial, even when it’s the most successful company in history, is worth more than any other company and has profits to make anyone green with envy.
Mac Observer
Apple Death Knell Counter
At this point in time, hating on Apple while it’s obviously successful has to be some sort of litmus test for some sort of behavior. What do we call perennial Apple hate? Some sort of mental illness? A stock price manipulation strategy? Stupidity? AppleTard syndrome? Sheeple bait? HippyTech bigotry? Wishful thinking from anti-capitalist parasites and totalitarians? Or is it that same old Scheiße we run into every day here at MDN from the trolls?
Shall we have a vote?
Or add your own to the list!
Always been this way. Only difference is that more people are noticing now.
Why the press hates Apple so much?. Shall Apple change to Orange to avoid the hatred?.
Indeed I guess Apple and we for that matter should take it as a great measure of success. When idiots have hate and no power the result is what we see both on here and elsewhere.
Talking heads on CNBC and Bloomberg have obviously got some serious pressure being applied to ‘keep APPL down’.
On the one hand are the struggling Hedge Funds and large Financial Institutions that are looking for some way of making money, which they find difficult, even on APPL now, with the huge buyback weapon that Apple Inc. can deploy to screw their moves.
Secondly, various industries that see future disruption from Apple Inc. (Payments with Pay, potential Car) must also be trying to dislodge this ultimate disruptor from their longer term game.
To all of them: Steve Jobs left a clear direction for Tim Cook and the Apple Inc. executive team, to keep executing their longer term plan regardless of all the market conjured negativity, because in the end the “Apple Inc. Puck will f..k them all!!”.
Apple lover here – you have no idea what you are talking about.
You can be sure that competitors fund a lot of broadcasting of falsehoods about Apple. Microsoft has been at it the longest with Samsung and many many others following suit. The more they go into decline, the more desperate their allocations to badmouthing payola against Apple. Many blogs would lose their viability without such payola.
“worst-loved”
is that another word for “butt-effed” ?
To Jim Cramer: I believe the title of worst-loved stock in the Universe goes to the Vogon Construction Corporation. They destroy more stockholders at once, than anyone. The surviving stockholders do make a good profit. 🖖😀⌚️
Apple also destroys shareholders all year round. (Buy backs 🙂
I think from the down votes my comment was not understood. Apple “destroys” shareholders by buying back shares thus reducing the number of shareholders of Apple.
The more buybacks the better. I wouldn’t mind being the only shareholder!
Very true though planet Zog the home of most of this forum’s trolls runs it close and is by all accounts a miserable place where self hate is the national sport.
Apple buys shares from owners looking to sell, who are no doubt grateful Apple is buying. In this capacity, Apple is simply providing liquidity to the market; no harm in that, is there? I mean, Wall Street blames far more egregious, and even criminal, behavior on the almighty purpose of providing liquidity to the market.
Apple’s share purchases make a lot of financial sense if Apple believes the shares are seriously undervalued, and can be purchases at a deep discount to their expected long-term value. It is called an astute purchase. It beats keeping their cash in treasury bills.
Apple’s objectives with buybacks has nothing to do with liquidity for their stock. Is that a side effect? Possibly, but it has no role in their moves. The market for their stock was and remains high liquid without an involvement by the company. If you knew a bit more about capital structure and tax laws you would have a clearer understanding of the use of buybacks as a method of returning capital to your investors.