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Originally Posted by stevo
I said before, the P/E relative ratio is 23.8, while the P/E ratio might be 30, when taken together you get more information. the 30 P/E doesn't look so bad.
well the open interest for a Jan 2007 put option with a strike price of $55 is over 30000, there's considerably less interest (9000) in the $47.50 put. The market doesn't seem to think its going to drop that far.
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Come December, we'll see who's right then won't we. I believe it will be closer to the 45-47 then the 55.
And even at 55, it is still quite a downturn from where it was before Jobs sold isn't it at what 65-66/share?
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envious much? - what gives you the right to dictate how much someone should make? In the three years that Jobs held those 10million shares valued at appx. $600 million Apple's Net income was $1,680,000,000. Again, how did jobs avoid paying taxes if he walked away with on 54.2% of what apple "paid" him?
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Where did I "dictate" how much a CEO or anyone should make????? I am stating my educated opinion on a certain area and explaining why I believe this is an extremely bad practice.
No I don't believe anyone is worth $200 Million a year. But again, that is MY OPINION.
Am I envious? No money doesn't buy happiness and regardless of what one believes there is a point where you reach too much and money means nothing to you except making more and believing you have more power and more money than anyone else.
But in all honesty, I don't want to get to that point..... I'm very happy in my life now, I don't need to make more than I could spend in 100 lifetimes.... I'll be happy making enough to spend in this lifetime and leaving my son a little so that he can get a nice start in life.
As far as the taxes...... I'm not going to keep repeating myself because obviously you aren't listening to what i have to say on that issue.
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nothing in dividends, but investors weren't buying the stock for dividends so that moot. If I bought 100 shares of apple in 2003 @ $9/share and sold today, I would have made $4,100 off a $900 investment over 3 years. Not too shabby. Thanks Mr. Jobs.
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Cool, did you buy the stock then?
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Apple's costs of goods sold since 2003 is $19,875,000,000 - Thats 19 BILLION, 875 MILLION dollars Apple paid people for goods and services related to manufacturing and selling their products. Thats money that goes to the workers' pocket.
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And again, exactly what percentage of that net income went into Jobs pocket?
And obviously you cannot find anyone else to show this is a good practice with other than Jobs..... whom I have stated this isn't about.
It's the practice of this that is wrong and is destroying companies. NOT JUST Steve Jobs.... and the jury is out as to whether this is a long term good thing for Apple or the beginning of the end.... I predict it is the beginning of some very hard times at Apple. But again, that's just me.
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Originally Posted by Charlatan
Seems to me that if you want to change this situation, you have to change the nature of the corporation itself.
In the end, it is up to the board of directors and the SEC to decide if this is something they want to happen. Why should the market (as a whole rather than the stockmarket) care whether one company survives or not? If a company shoots itself in the foot and comes crashing down there is little anyone can do.
That's how the rules work. The example of something like Enron or Worldcom are examples of people who are not playing by the rules... these sorts of actions are different from what someone like Jobs (or any other legitimate sell off of stocks).
If Apple (or another company) founders because of these actions then so what? If there is a need in the marketplace for the services that that company offer then someone else will step in and fill the need.
If this was a privately held company and the owner decided to keep that amount of profit rather than reinvesting the amount into the company, the same thing would happen (regardless of what that "thing" might be -- continued success, failure or stagnation).
A corporation is only beholden to its shareholders. Employees are just cogs in the machine. A corporation has no conscience.
Like I said, if you want to change things, you have to change the nature of the corporation.
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Again, I am just giving my educated opinion on the practice and what happens in the long run because of it.
Your post basically makes me feel that my "OPINIONS" are valueless because you believe the opposite and well..... I either need to change the system or basically shut the fuck up.
Is that what you are saying? Because that post sure did seem like it.