If you assume Tim Cook is a smart and competent CEO, jacking up a share repurchase program signals one thing: him and his advisors think that the most effective

If you assume Tim Cook is a smart and competent CEO, jacking up a share repurchase program signals one thing: him and his advisors think that the most effective deployment of that capital for shareholders is to repurchase Apple shares. This could mean they are just shrugging and have no ideas of what they could possibly work on next, or it could mean that they see the market price of Apple stock as attractive enough to warrant a $100 billion purchase of it. One of these is an absurd proposition, one is backed by countless evidence. What do you think? :)