u/cigarettesandwater · 900d agono track record yet
Why isn't Buffett calling Cook out for buying back AAPL at 27 multiple?
Apple is destroying shareholder value through aggressive buybacks at a 27x earnings multiple. The author argues this capital allocation strategy is misguided and parallels past mistakes, making short-term securities a better investment than Apple stock at current valuations.
At post $171.16Now $342.94+100.4% since postedas of Oct 19, 4:00 PM ET
1d+6.0%
3d+6.0%
1w+6.7%
1m+11.3%
3m+28.5%
6m+35.4%
1y+19.2%