“Apple Inc. may announce it will return cash to shareholders before the second half of this year as the company’s shares decline, said Lawrence Haverty, a portfolio manager at Gamco Investors Inc.,” Tom Keene and Alexis Xydias report for Bloomberg.
“‘My guess is it will be before June 30,” Haverty said on Bloomberg Television’s ‘Surveillance,'” Keene and Xydias report. “‘The pressure is just increasing because last week we had 700 stocks — an incredibly broad market — in the new high list in the New York Stock Exchange and here is Apple crashing into the new low list. Something is going to happen. It just has to.'”
Keene and Xydias report, “Apple shares have slumped 13 percent this year.”
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