Tuesday, May 3, 2016

The iPhoney Era Is Over

Human history's most over-owned stock is imploding...all of the money they've made is "trapped" in overseas accounts

"Apple has thus far paid a “miniscule 2.3 percent tax rate on its offshore profits"

Apple's 200 WEEK moving average comes in at $90...
Stock buyback begins 2012 (one year after Jobs passes away)

Market cap 2012: $583 billion, $0 debt
Market cap today: $531 billion, $72 billion debt