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TheStreet Open House

Tim Cook, Not Apple, Is Hated

Stocks in this article: AAPL

NEW YORK ( TheStreet) -- If you don't expect too much from me, you might not be let down.

That's a classic line from the Gin Blossoms. That's my life mantra. And it probably should be Apple (AAPL) CEO Tim Cook's as well.

On Tuesday, Cramer referred to Apple as "hated" in a Real Money article:

Instead, with these constant Carl Icahn updates about talking with Tim Cook, Apple's become the Transocean (RIG) of computing, nowhere anyone really wants to be except those who want don't care about buying or developing growth.

As much as I like how Icahn has galvanized managements to return cash, I think returning cash the way Icahn wants is a big mistake. It will do nothing for the long term. But sitting on cash isn't going to do anything either.

That's why, as much as I like Apple, unless it stops talking to Icahn and starts talking to bankers about an acquisition that gives it "social," the stock will be dead in the water until estimates come down so far that it can blow them away. And judging by the action -- we aren't there yet.

I know I'm splitting hairs here, but the nuance is important. Here's my rationale as to why.

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