Lawrence Haverty, a portfolio manager at Gamco Investors Inc., talks about Apple Inc.’s consideration of ways to disburse some of its $137.1 billion in cash to shareholders.
Haverty speaks with Tom Keene and Scarlet Fu on Bloomberg Television’s “Surveillance.”
I think people have been worried about the accumulation of cash. The stonewalling by the company at the end of the day is unacceptable. The cash is the shareholders’ cash. – Larry Haverty, Gamco Investors Inc.
Direct link to video here.
MacDailyNews Note: Haverty predicted Einhorn’s move to sue Apple on January 28th.
Apple shares surge following company response to Einhorn – February 7, 2013
Greenlight’s Einhorn sues Apple, ‘dissatisfied with capital allocation strategy’ – February 7, 2013
Gamco’s Haverty: Apple board can be sued over excessive accumulation of cash (with video) – January 28, 2013