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What makes people think that Apple gives a damn about Wall St.?

by btian 14y ago

MSM 14y ago
Because Wall St. owns the company. That's one of those crazy side effects of going public.
- aaronblohowiak 14y ago
  Fidelity, vanguard and state street are the biggest owners of AAPL and are not known for short-term thinking.
- raganwald 14y ago
  This is wrong. "Wall Street Estimates" don't come from hedge funds with large positions in AAPL, they come from companies that make up estimates in order to drum up business buying or selling AAPL on behalf of their so-called clients. Having opened their yaps and sold the stock to someone on the basis of their own estimates, they are reluctant to say, "We goofed," so they encourage a climate of believing that they are in charge and it's Apple's fault when Apple hit or exceed Apple's estimates while so-called missing their estimates. If what you say is true, you ought to be able to sue Apple for missing Wall Street's estimates. Tim Cook clearly isn't listening to his bosses and has stolen money from you as an investor who disregarded Apple's guidance and instead went with Wall Street's guidance.
  - MSM 14y ago
    Looking at the value of AAPL we can see that this is not the case. For us, sure. I don't have time to get into the details of AAPL and why I may or may not want to buy them. I honestly don't have any idea if it's a good buy. However, it's 67% inst. owned and I'm willing to bet that every single instituion that owns stock has its own person who is crunching numbers and assesing value. The fact that the big spenders are fighting with each other to sell it instead of buy it means it's more than just "goofed" estimates.
raganwald 14y ago
In other news, Mother Nature again missed TV Weather Presenter estimates and is under extreme pressure to hit tomorrow's call for sunny skies.
jpdoctor 14y ago
Because 68% institutional ownership and <0% inside ownership means that they are owned by Wall St, literally and figuratively. http://finance.yahoo.com/q/mh?s=AAPL+Major+Holders http://finance.yahoo.com/q/mh?s=AAPL+Major+Holders
- raganwald 14y ago
  And are these estimates coming from the major holders? No, they are coming from brokers and analysts. "Wall Street" is several different things, and conflating them in this case does nobody any good. If and when Al Gore holds a press conference and tells Tim Cook what he wants Apple to do, we can talk about the shareholders running the company. But some snot-nosed analyst writing a research report estimating sales or material costs or whatever is not the same thing as owning the company and directing its activities.
  - jpdoctor 14y ago
    > And are these estimates coming from the major holders? No, they are coming from brokers and analysts. That is correct, and if the OP had asked a different question, then that would be a good answer.
- Retric 14y ago
  Institutional ownership does not mean what you think it means. Pension funds are not Wall St.
  - jpdoctor 14y ago
    Yes, Folks like Calpers sometimes differ in opinions. But rarely do they take the opposite viewpoint.

What makes people think that Apple gives a damn about Wall St.?

by btian 14y ago

What makes people think that Apple gives a damn about Wall St.?

MSM 14y ago

Because Wall St. owns the company. That's one of those crazy side effects of going public.

aaronblohowiak 14y ago
Fidelity, vanguard and state street are the biggest owners of AAPL and are not known for short-term thinking.
raganwald 14y ago
This is wrong. "Wall Street Estimates" don't come from hedge funds with large positions in AAPL, they come from companies that make up estimates in order to drum up business buying or selling AAPL on behalf of their so-called clients. Having opened their yaps and sold the stock to someone on the basis of their own estimates, they are reluctant to say, "We goofed," so they encourage a climate of believing that they are in charge and it's Apple's fault when Apple hit or exceed Apple's estimates while so-called missing their estimates. If what you say is true, you ought to be able to sue Apple for missing Wall Street's estimates. Tim Cook clearly isn't listening to his bosses and has stolen money from you as an investor who disregarded Apple's guidance and instead went with Wall Street's guidance.
- MSM 14y ago
  Looking at the value of AAPL we can see that this is not the case. For us, sure. I don't have time to get into the details of AAPL and why I may or may not want to buy them. I honestly don't have any idea if it's a good buy. However, it's 67% inst. owned and I'm willing to bet that every single instituion that owns stock has its own person who is crunching numbers and assesing value. The fact that the big spenders are fighting with each other to sell it instead of buy it means it's more than just "goofed" estimates.

raganwald 14y ago

In other news, Mother Nature again missed TV Weather Presenter estimates and is under extreme pressure to hit tomorrow's call for sunny skies.

jpdoctor 14y ago

Because 68% institutional ownership and <0% inside ownership means that they are owned by Wall St, literally and figuratively. http://finance.yahoo.com/q/mh?s=AAPL+Major+Holders http://finance.yahoo.com/q/mh?s=AAPL+Major+Holders

raganwald 14y ago
And are these estimates coming from the major holders? No, they are coming from brokers and analysts. "Wall Street" is several different things, and conflating them in this case does nobody any good. If and when Al Gore holds a press conference and tells Tim Cook what he wants Apple to do, we can talk about the shareholders running the company. But some snot-nosed analyst writing a research report estimating sales or material costs or whatever is not the same thing as owning the company and directing its activities.
- jpdoctor 14y ago
  > And are these estimates coming from the major holders? No, they are coming from brokers and analysts. That is correct, and if the OP had asked a different question, then that would be a good answer.
Retric 14y ago
Institutional ownership does not mean what you think it means. Pension funds are not Wall St.
- jpdoctor 14y ago
  Yes, Folks like Calpers sometimes differ in opinions. But rarely do they take the opposite viewpoint.