Apple Inc.

[CityFarmer]

I agree with your view. Apple's business model is non-executable without Steve Jobs. The feasible way ahead is to find a new and sustainable business model that Timothy Cook can execute successfully, or find another Steve Jobs

Seldom do I say anyone is indispensable. But Steve Jobs is one and Buffett is probably another one.

Jobs make the impossible possible, and the weirdest thing is that he made others join in his impossible dream I have followed Apple for almost 25 years already and I can say that their business model is extremely difficult to execute. Only a perfectionist with unlimited passion AND charisma can do that.

Now the case for Apple bounce is the dividend declaration. I would think the bounce is an invitation to sell rather than buy. I can imagine google or IBM being around in next 25 years but I cannot honestly say that for Apple. Appointing an operational guy as CEO is a major mistake. Their cash pile will last them some time but it will be a value trap until a major shakeout.