The Day Ahead: Resist the Urge to Dial Up Apple

Apple's (AAPL) earnings are pretty much only useful for keeping your analytical skills sharp. I mean, really -- were you the cowboy who went long this stock at 6x estimated fiscal 2015 earnings, hoping that "baked into the cake" logic would play out? I hope not, because the market certainly told you that could be an ill-timed decision.

To little ol' me -- and I may be in the minority here -- the massive attack on Apple's share price in the past six months is more a reflection of quickly evolving fundamental trends, and less a reaction to management's lust for holding on to cash flow that is supposed to be earmarked for investment or for shareholders. So any shareholder-friendly initiative, buyback or dividend should be met with a chilly reception -- and it was after-hours Tuesday....539 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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