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Is that why Al Gore exercised his $7 options? He knew it would fall?
That is why, even with this free fall, they are worth roughly double what El Goog is and they, at one point last year, were the second highest valued company in history. There was a lot of buying based on the whole "apples just don't fall" idea. Now when they had an underwhelming (by their standards) holiday season there are a lot of these same buyers going "Oh ". I agree (superficially at least) that they are being oversold and if I could afford some of their option contracts, I might start working with those in a couple of days, but that is the problem with buyers who aren't doing DD, they buy for no reason and so they sell for no reason.
Is that why Al Gore exercised his $7 options? He knew it would fall?
He would have sold his options if he knew the stock price was gonna fall, dumb
anybody who didn't sell right after Jobs died is not really in it to make money.
That was my point dumb .
Did he have insider trader knowledge...
If he exercised, then he bought.
word of the day is commoditization , not to say Apple isn't or is a buy at this point.
Anyways, I look like a genius to many people today, so I'm going to bask in the glory for the next 15mins.
Seeing that he serves on Apple's board of directors, I imagine he does.
Did he exercise the options or sell them? If he was trading off insider knowledge, he would have sold options for a lot more than the payoff he'd get by exercising them.
I think they were options, but I'm not sure. I initially thought might have been options with a 10 year expiration. It was that long ago that the stock was in that range. I don't know if this is a story or not and honestly, I don't care to look for dirt on him. I brought it up in case someone else wants to.
Al Gore has just purchased a big chunk of Apple stock by exercising his Apple stock options.
A filing with the Securities and Exchange Commission shows that Gore exercised options on January 15 to buy 59,000 Apple shares at the price of $7.475 a share.
That means Gore paid around $441,000 for his load of Apple stock. With the shares trading just under $500 this morning, Gore's investment is now worth around $29.5 million.
Of course, Apple stock has been falling recently, although that could turn around next week if the company releases good results for the last quarter. Either way, it's still a giant profit for the nation's former vice president.
Gore has exercised stock options at the same price twice before, according to The Next Web -- once in January of 2008 and again in March that same year. After joining Apple's board of directors in 2003, he was awarded 30,000 stock options, but those carried an exercise price of $14.95.
Gore still has a total of 61,574 Apple shares that he can exercise at bargain-basement prices.
It's a reasonable question. What did Gore do to "earn" those stock options?
Seriously? The guy invented the internet…
Nice find.
Good for Al.
He serves on Apple's board of directors, like I already said.
would be stupid not to excercise thos stock options....
its like ppl who buy shares but dont need to pay the full amount when its to be called...
At this point Apple is a pretty good buy. It's P/E is below 10 at its current price which is low compared to even the most mature technology companies (Microsoft, Cisco, Oracle, etc.). Anyone who actually has the money should wait for the dust to settle and then jump on it.
Meanwhile, when I told my mommeh to buy 100 shares of Netflix over the summer at $59 a share, I really wish I had the money so I could have done it as well
And the article said he got options on 30K shares for doing so. What about the rest?
According to the SEC filing:
http://www.sec.gov/Archives/edgar/da...5X03/form4.xml
He was granted those options in March 19, 2003...
Where in the article does it say anyonething about 30k shares? The article looks like it says all of his shares were from board member compensation.
Last edited by DUNCANownsKOBE; 01-25-2013 at 01:25 PM.
I wonder what the Al Gore conspiracy theorists will be jumping too next.
Doesn't vaccinate his kids, though. So he loses some points for that.
LOL....
Thanks for the good laugh...
LOL...
Thanx... This was my guess:
in fact those options had to be exercised in March by the 10th anniversary of his arrival
If gore would have exercised his options before the new year he could have saved ~$1.5M in cap gains taxes. I salute him for being willing to pay his fair share!
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