Is Apple Out of New Ideas?

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-- -- and seven.

And on to apple it's been a rollercoaster ride for shareholders there they were having a big meeting the stock down nearly 40% from all time highs back in September.

Back -- the stock -- 705.

Dollars a share.

CEO Tim -- address the company's tanking stock at today's much anticipated shareholder meeting saying he's not happy with -- there.

But will that forced him to touch the 137.

Billion in cash companies currently sitting on.

Joining me now Gary call Bob president of called on capital management.

You know I don't want to get your reaction to this because -- could look at something very interesting -- say he said.

You know don't worry about the stock price right now because I'm focused on the long term.

What do you make of that.

Well I think that's a mistake on his part just remember shareholders are focused on one thing.

And that is the price of the stock and it is without a doubt on the -- think about it you said -- the Dow is near all time highs and Apple Stock is down from 700.

Ought to on the 450 right now -- I don't think god mr.

cook should just shrug it off so easily.

I know you know it's interesting I mean we always say we want CEOs to focus on the long term and somebody says that publicly in our -- I agree but I think the fact that just thought it was funny.

For him to actually admit it.

Let's talk about this cash pile that apple sitting on 737.

Billion dollars as you know their calls for apple to share this with shareholders.

And you don't like that idea why.

-- it's not the biggest the deal look if you give that a big -- -- dividend.

The price of the stock is gonna go down by as much as you gonna give out so it's not a big deal if you buy back stock and the stock goes -- ends up being a bad investment on your part.

Some not so sure there's any great ideas right now I think -- just a lot of people that are upset they watch this.

We got -- -- -- wrong with that shareholder dividend look you can make the argument here.

That apple is really out of new ideas they're talking about an apple watch but what second -- -- it's going to be a souped up phones on your wrist.

I don't really seen riding groundbreaking about that if there -- out of ideas it's time to share the wealth my friend.

Well my main point is though sharing the wealth is not gonna change the most important part of apple right now and that is growth is slowing and you said it best.

Before -- -- the iPod iPhone iPad.

I don't know what's next and -- there's rumors about a wrist watch -- -- do.

Our TV that's been talked about the ten year is the biggest promise -- quarter's earnings were flat this quarter's earnings.

Estimates are to be down 20% and with -- -- eyes when I go with apple stores right now without a doubt traffic is down from a year ago.

And it has -- when they likely thought -- They're doing the same thing it's really Microsoft is doing the same thing they have Microsoft start let me did you react and Tim -- -- quote here.

We had a mother of all years.

I think out well they've had they've had a big numbers as far as revenue growth but look.

The bottom line behind a stock price going higher is the ability to grow earnings and revenue -- -- accelerate the numbers.

They have been decelerating a year ago -- earnings up like 90% last quarter flat.

That is a big negative and when you the most -- -- and the story and your numbers adding south.

There's only -- one left but one thing left to -- -- that's selling and that's what you're seeing right here.

And mr.

cook should start before the start thinking clearly these shareholders are met and -- battering and if -- -- -- keeps going down -- shareholders and keep selling.

Well I guess we'll wait and see it will be interesting to see if the I watch can be anything but -- -- or Gary thank you -- my pleasure thank you.

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Is Apple Out of New Ideas?

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