“Apple wants to keep buying back stock and may increase its dividend,” Maureen Farrell reports for The Wall Street Journal. “The iPad maker just doesn’t want to do it on Carl Icahn‘s timetable.”
“Robert Cihra, an analyst at Evercore, notes that the bigger question facing Apple in 2014 is not how much to give back to shareholders but how to tap its overseas cash hoard without triggering outsize tax penalties,” Farrell reports. “Mr. Cihra estimates that Apple will burn through its cash located in U.S. banks by mid 2014. After that the company will be forced to decide whether to repatriate the rest and pay the taxes on it or raise more debt. Mr. Cihra expects the company to do the latter.”
Read more in the full article here.
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