If Apple had been overly aggressive, it risked a perception that its best growth days are behind it. When issuing a dividend, the goal is to find an efficient yield that opens the stock to maximum exposure while maintaining the benefits of balance sheet cash.

Now that Apple has made its stock attractive to a wider base of institutional demand, it should propel the once-in-a-generation growth story to new heights. Kudos to Tim Cook.

As the window of time between now and the April earnings report continues to shrink, it will be difficult to generate any sort of short-term negative momentum as income funds will be adding Apple exposure. The 2007 precedent continues to rule the day.

At the time of publication, Schwarz was long Apple.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Jason Schwarz is an option strategist for Lone Peak Asset Management in Westlake Village, Calif. He is also the founder of the popular investment newsletter available at www.economictiming.com. Over the past few years, Schwarz has gained acclaim for his market calls on the price of oil, Bank of America, Apple, E*Trade, and his precision investing in S&P 500 option LEAPS. His book, The Alpha Hunter, is set to be released by McGraw Hill in December 2009.

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