“And with no announced capital allocation plan, Apple’s cash hoard is going from outrageously excessive to obscenely excessive,” Paczkowski reports. “As I noted earlier this week, Moody’s Investors Service believes that Apple’s cash will exceed $170 billion by year’s end if the company doesn’t start returning some of it to shareholders.”
Paczkowski reports, “So why not erase current stock woes with a larger cash distribution? Topeka analyst Brian White thinks Apple would be foolish not to. By increasing its quarterly dividend, Apple could stabilize its stock price. So, if, as White theorizes, the company is generating approximately $50 billion in free cash flow per year, why not do it?”
Read more in the full article here.
MacDailyNews Take: Maybe they want to take the company private or buy Morocco and McDonald’s or something?