Apple: Buybacks Should Be Judicious, Not Juicy


  • Apple has been buying back shares at a record clip regardless of the price of the stock.
  • Retained earnings went negative TTM on the Apple Balance sheet.
  • The financial engineering extravaganza is helping to shore up earnings per share.
  • Apple is a hold at this price until the buyback program is tamped down and the price comes down to meet its Nasdaq brethren.

Person holding Apple iPhone 11 Pro


Apple’s financial engineering

In previous articles I mention the anti-bubble tech portfolio I’m currently going after, but one prominent name is left off the list. Apple (NASDAQ:AAPL), is in all honestly not terribly overvalued compared to the

Apple2022 10K revenues

Apple2022 10K

Yahoo Finance Balance Sheet

Yahoo Finance

Data by YCharts

Data by YCharts
Data by YCharts

Data by YCharts

SeekingAlpha Apple Valuation Summary

Apple Valuations (SeekingAlpha)

Yahoo finance balance sheet snapshot

Yahoo finance

Disclosure: I/we have a beneficial long position in the shares of AAPL, GOOGL, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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