Like most Apple Inc. (AAPL) investors, we have been waiting (and waiting and waiting) for a positive dividend announcement from the company. Meanwhile, the losses in our position have been piling up. The stock is down almost 40% from its peak and it is certainly in need of a major catalyst to get it back on track. While we definitely think that a dividend hike is imminent (and it will likely send shares much higher), trying to anticipate the moves of Apple’s management team seems to be a losing proposition.
Eating Some Humble Pie
First and foremost, we were wrong with regard to the timing of our purchase, and we aren’t afraid to admit it. Anytime a stock doesn’t perform as expected, something was clearly wrong with your initial investment thesis. So instead of blaming the hedge funds or short-sellers or Tim Cook, we have been forced to look