RE: Snarky Slate line on Apple If Apple seriously use s $60B to buy back shares, their Book value will drop from
$135B to $75B.
Apple shares will be reduced to about 800M if the buyback is about $400.
Apple presently trading at below 3 times multiples on book value.
So Apple will then be worth below $300.
When you facturing in its guidance, then its s/p shold be way lower