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Apple Mum at Annual Meeting (AAPL)

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By Jon C. Ogg Published
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Apple Inc. (NASDAQ: AAPL) has held its shareholder meeting.  All Apple directors were reelected to the board of directors.  Executive compensation passed and two proposals on conflicts of interest and on political action were not approved.  All of this is the who cares part…. What about THE DIVIDEND and APPLE TV????

If you have watched the media, or read our site for long, you know that Apple is one of the dividend sinner stocks.  The company has risen and risen and is now the most valuable company in the world.  It has not paid out a dividend at any point in recent history and it probably has $100 billion in cash now.

What about Apple TV?  This is supposed to the next wave of a transformation of the company  and the next major growth opportunity.

Today we heard nothing.  The company is still loved by investors and it has gained and gained in value.  If that ever changes, then the company may have to start listening to calls for more shareholder friendly actions.

Tim Cook is sending the signal that he will run the company the same way Steve Jobs did… his way!

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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