Best value is another way of saying dirt cheap and Apple shareholders are clearly tired of owning an ever increasingly dirt cheap stock. Tim Cook finger-pointing and disappointment are the hallmarks of many Apple articles. TheStreet's Rocco Pendola wrote an article that sums up his opinion of Cook's performance as CEO If Apple Bought Twitter It Would Ruin It. I will admit I laughed when I read the title, but I also consider Pendola a friend and laughing was more about Pendola's writing creativity than believing it was true. Pendola's exceptional creativity aside, Pendola has made it crystal clear he isn't Tim Cook's fan club president. However, Pendola should give credit where credit is due. Apple is not running into the ground; it recently reported one more in a long run of record earnings.
By my last count, Apple sold $54.5 billion worth of goods in the fourth quarter of 2012 while managing to keep $13 billion in its pocket. If that is considered running Apple into the ground, I welcome Tim Cook to take over my household and run my family into the ground at his earliest convenience. I understand Saintvilus' response of despair. I can think of many more pleasant topics of conversation with friends and peers other than a stock holding that I'm underwater in. Everyone is an "expert" on Apple's stock and the direction the stock has already made. I'm sure Saintvilus has received his fair share of "experts" telling him why he should have sold at the "obvious exit price" of $705, but I am equally sure Saintvilus has learned to tune most of it out. I, on the other hand, maintain a bullish opinion of Apple, but typically don't own it. As an active trader, I usually don't position into stocks over $100. My edge diminishes as the price increases much beyond $100 per share. I rely on price movement to gain an advantage, and stocks over $100 don't have the same characteristics as stocks under $60.