“Apple Inc., the world’s most valuable company, is ‘more likely than ever’ to return money to shareholders in the form of a stock buyback or dividend, according to Morgan Stanley,” Adam Satariano reports for Bloomberg.
“Apple is able to finance a $25 billion share repurchase program or a 2.4 percent dividend using its available cash, said Katy Huberty, an analyst for Morgan Stanley in New York,” Satariano reports. “Apple has $76 billion in cash and investment holdings, equivalent to about $81 a share, which could be used to fund the effort.”
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Satariano reports, “Last October, when Cupertino, California-based Apple had $51 billion in cash and long-term investments, Steve Jobs said it was keeping its “powder dry” in case an opportunity comes along. ‘We’ve demonstrated a really strong track record of being very disciplined with the use of our cash,’ Jobs said on Oct. 18 during a conference call with financial analysts. ‘We don’t let it burn a hole in our pocket.'”
Read more in the full article here.
MacDailyNews Take: Hopes and dreams in notes to clients do not reality make — especially from one of the worst AAPL analysts on the planet.
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Looks like there are many many financial experts spouting off here today. Really hard to believe so many genius investors posting here today like they have some expertise not available to Wallstreet. Makes one wonder why all you guys aren’t making big money since you know so much. I am coming in here from now on for my investment advice. Yeah, right.
“Makes one wonder why all you guys aren’t making big money since you know so much”
How would you know?
“Makes one wonder why all you guys aren’t making big money since you know so much.”
Well some of us own nice chunks of AAPL and bought our shares several years ago, so we haven’t done too badly out of it 🙂
HughB
What some of us have is an understanding of Apple and what works for Apple both in terms of it’s business and as an investment.
Wall Street is usually cluless about Apple.
It sounds as if you are too!