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I think Warren Buffett supports the move: http://blogs.barrons.com/techtraderdaily/2013/03/04/aapl-when-the-stock-is-down-ignore-critics-create-value-says-buff
by fjarlq 13y ago
I think Warren Buffett supports the move:
http://blogs.barrons.com/techtraderdaily/2013/03/04/aapl-when-the-stock-is-down-ignore-critics-create-value-says-buffett/ http://blogs.barrons.com/techtraderdaily/2013/03/04/aapl-whe...
- cremnob 13y agoAbsolutely, and the best thing that can happen when a company is repurchasing its shares is for the shares to be as cheap as possible, so as to create the most value for shareholders.
- thingummywut 13y agoWarren Buffett recommended to buy it several years ago if Steve Jobs believed that the stock was underpriced at the time. Buffett was describing to Jobs the advantages and disadvantages of potential ways to spend extra cash. I'm re-iterating that this was several years ago! Warren Buffett also never said anything himself about the stock being underpriced. It was all contingent on Jobs's opinion. [Edit] Original transcript. Unfortunately pdf. Starts at "No, I've never bought Apple.". Stock was around 200 when Jobs talked to Buffett. http://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/2012/07/03/2012-02-27%20Ask%20Warren%20Transcript.pdf http://fm.cnbc.com/applications/cnbc.com/resources/editorial...
- deleted 13y ago[deleted]