I love Apple. I mean, what is there not to like? It’s one of the world’s wealthiest companies, and it consistently succeeds in selling wonderfully overpriced electronics to its legions of die-hard fanboys. What a bunch of dumbasses, hahaha, it’s as if they’re eager to part ways with their hard-earned money when they could be buying gadgets that work just as well, for half the price! *full disclosure: I am one of said dumbasses*
Okay, with that cringe-worthy attempt at self-depreciating humor out of the way, let’s talk srs bizness. Those of you who follow my blog know that I recently initiated a position in Apple, about two weeks ago or so, when I purchased 8 shares for a total investment of $1000-ish. And today, I’m happy to say that I doubled down on my investment in the pomaceous company. There was a small pullback in the share price this morning, and with the ex-dividend date arriving on the morrow, it was just too tempting for me not to add to my position. In doing so, I simultaneously averaged down my cost basis a bit AND fluffed up the upcoming dividend payout I’ll receive next Thursday. Now that’s what I call killing two birds with one stone, and I just love killing birds with stones! 😀 Errr, wait, no…I’m sorry PETA!! Pls don’t come after me! Anyway…on 5/6/2015 I bought 8 shares of AAPL at $125.99/share, for a total investment of $1007.92.
I’m obviously not going to write another analysis of the stock since I just did one in the first post, and the numbers and financials haven’t changed since. Well, actually, they have, but in a good way. The company rectally violated Q2 revenue estimates by $1.95 billion and EPS estimates by $0.17, it bumped its already ludicrous $90-billion buyback program to $140 billion, and it increased the dividend by a solid 11%. If that isn’t enough to make you sing Hallelujah, then I don’t know what is. Do you even Hallelujah bro?
So that basically sums up this short update. Long live Apple and its fanboyz!
What do you think of AAPL? Is it a stock you’d want in your portfolio? And do you like stoning birds too?
Disclosure: long AAPL