It was only about seven months ago that a single share of Apple stock was trading at over $705. On paper, at least, the market capitalization of this computer / smartphone / tablet / music player company was greater than that of Exxon/Mobil. It was the wealthiest company in the world
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Too many companies are doing exactly this. Why is an untold tale. That tale does not bode well for us.
(Not knocking on Mac as I type on one, that's for sure. It's a general trend.)
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I foresee a booming business in electrified fences and security systems...
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Of course, issued stock is a form of indenture, a promise to pay the bearer dividends. If the time is right for repurchase, then the time is over for the expansion stock offerings fund.
My real worry is that the media still have not cottoned on to the fact that this buy-back is largely presenting a booming stock market. With no other financial indicators on the horizon, the rosy hunky-dory narrative has yet to be challenged, let alone noticed by many.
So the move to electric fences goes unnoticed . . . until too late.
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