Is It Time to Start Gobbling Up Apple Stock?

Tim Cook showed up to Wednesday’s Apple earnings call more or less bearing Champagne and roses for his company’s investors. Aside from solid revenue growth and iPhone sales, the company said that it would fatten up its dividend and increase its stock buyback program to put more money back in stockholders’ pockets. Perhaps most surprisingly, the company also announced a 7-for-1 stock split come June, meaning Apple’s individual shares, which trade for around $525 now, will soon be available for far less.