No. of Recommendations: 0

I totally agree. Although it looks as if Apple is acting in the best interests of its shareholders, share buybacks are an all too frequently resorted to scam to goose a stock price, but add nothing to the soundness of the underlying business. Apple isn't the only company doing this, nor maybe even the most egregious one. The Fed and their monetary polices and interventions are distorting the economy beyond the possibility of it ever recovering in even our grand children's lifetimes. Yeah, right now, "investors" are becoming as rich as Croesus, but at the cost of destroying the source of genuine capital formation. This is not going to end well for anyone.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.