“Predicting anything that Apple Inc. will do is a somewhat risky game, but some analysts are betting that the company may crack open its massive, bulging wallet in the near future to return more cash to shareholders,” Dan Gallagher reports for MarketWatch.
“Sparking this sentiment is Apple’s own statement from Thursday afternoon, with the disclosure that its board of directors and managers ‘have been in active discussions about returning additional cash to shareholders,'” Gallagher reports. “The statement followed the proxy filing and lawsuit by David Einhorn, who has been pushing the company to consider using preferred stock to return more cash to shareholders.”
Gallagher reports, “Some analysts took that as a sign that some changes may be coming for a company that has an enormous pile of cash — more than $137 billion — and a reputation for holding on to it. Apple initiated a dividend and some buybacks just last year, though most believe those programs to be small relative to the company’s cash generation machine.”
Read more in the full article here.
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