1 posts and columns on Apple Investors Are Wusses

Apple Investors Are Wusses

in News on January 15, 2009 at 7:11 am PT

Ironic, isn’t that, that in this decade of CEO scandals and corporate duplicity, shareholders are punishing Apple–which in its last quarterly statement, reported earnings of $1.14 billion on sales of $7.9 billion, with nearly $25 billion in cash–for allowing CEO Steve Jobs a medical leave of absence? Apple shares dropped as much as 10 percent Wednesday evening after the company broke the news, slashing more than $6 billion off its market cap. And they’re trading lower again today. A timid group, Apple investors–risk-averse and apparently too easily frightened to actually own the stock. Faithless.