It’s no secret that Apple’s stock has taken a beating over the last six months. It’s legitimate to debate if this is warranted or not. Much of the downturn has been driven by analyst attempts to guess the companies future products and the possibility of “the next big thing”.

There’s only one entity that knows for sure what the future product pipeline has in store, and that’s Apple. How do they feel about the future? One need look no further than their announcement of a $60 billion stock buyback.

Insider trading is illegal, unless you’re the company itself. They have all the insider information you could ask for, and they’re buying. Big time.

Looks to me like they’re taking Warren Buffet’s recently offered advice.

“You can’t run a business to push the stock price up on a daily basis. Berkshire has gone down 50 percent four times in its history. When that happens, if you’ve got money, you buy it.” “When Steve (Jobs) called me, I said, ‘Is your stock cheap?’” Buffett said. “He said, ‘Yes.’ I said, ‘Do you have more cash than you need?’ He said, ‘A little.’ I said, ‘Then buy back your stock.’ He didn’t.” “But if you could buy dollar bills for 80 cents, it’s a very good thing to do.”

Indeed.