Newsclip®: [Technology] Apple CEO Cook’s Media Bits Matter Less Than Buybacks, Says Bernstein - Tech Trader Daily - Barrons.com

"Bernstein’s Toni Sacconaghi this morning weighs in on Apple (AAPL) CEO Tim Cook’s appearance a week ago on Jim Cramer’s “Mad Money” program, arguing that investors should ignore it and instead focus on the history of the stock in the wake of buybacks, which has been positive according to his data.'Interestingly, and perhaps not surprisingly, we find that during Tim Cook's tenure as CEO, it has made more sense to follow the company's buyback trends than the CEO's media appearances (and accompanying assurances),” writes Sacconaghi.“Indeed, the old adage of 'Do What They Do, Not What They Say' appears to hold for AAPL.'Sacconaghi looks back over public appearances by Cook and finds they have “not been a good leading indicator for the stock.'", blogs.barrons.com


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