“Carl Icahn continues to press Apple Inc. to use its $133 billion in cash to buy back its shares,” @4/7 Wall Street writes.
“Apple’s board could cast around to buy a company that would eat up most of its cash balance. Some of the best fits are too expensive. Google Inc.’s market cap is $390 billion. Facebook Inc.’s is $201 billion. Amazon.com Inc.’s is $149 billion,” 24/7 Wall Street writes. “Further down the table of American public corporations are several that have market values of about $100 billion. These include Goldman Sachs Group Inc. at $86 billion… Boeing Co. has a market cap of $91 billion. It is a hardware company of sorts, but the price points of its products are much larger than Apple’s. With most of the companies with market caps of $100 billion or so are excluded, the one that remains is McDonald’s Corp. with a market cap of $92 billion.”
“After combing through the list of public corporations that Apple could buy and dispose of its $133 billion via one M&A event, it looks like Icahn may be right,” 24/7 Wall Street writes. “The most appropriate thing for Apple to do is return its cash to shareholders.”
Read more in the full article here.
Related articles:
Icahn gazes beyond known world, sees $1.2 trillion Apple – October 9, 2014
Icahn’s Apple assumptions met with skepticism on Wall Street – October 9, 2014
Jim Cramer: Carl Icahn is ‘assaulting’ Apple – October 9, 2014
Icahn: iPhone 6/Plus to hurt Android, Apple severely undervalued, increased buybacks urged – October 9, 2014
Apple should buy jamba juice
Buying McDonalds? That’s such an absurd question to begin with.
Why does MDN give this fluff “journalism” any space at all? Apple and McD are as far apart on the spectrum as you can get. Apple would be better off buying IBM — which is very likely the long term plan since the two have formally started dating.
just when you thought the Apple stories couldn’t get any more pathetic….
Apple should hold on to it’s cash and invest as it sees fit, as it has in the past. What Ichan and wall street hate about Apples large cash supply is that is makes is somewhat immune to the types of manipulation that wall street likes to try to do to companies. As a long term stock holder am much happier knowing the company I invest in is sold and has the ability to not only weather bad finical times but to be able to invest and innovate during those times.
Tesla. A nice green high tech match.
Apple’s board could cast around to buy a company that would eat up most of its cash balance.
This idiotic concept helped drive Eastman Kodak into incoherence, lack of focus and sheer lunacy. I was there to watch it happen. 24/7 Wall Street is out of its FSCKing mind to write such idiocy.
Apple = focus.
24/7 Wall Street ≠ focus.
24/7 Wall Street = irrezponzible biznizz muzings. This is easily one of the most dangerously terrible business ideas I’ve read all year.
I take a dump on it-> 💩
Jony Ive recently spoke about three things he learned from Steve Jobs. #1 was FOCUS. Listen to exactly what Jony says and reflect upon this lunatic 24/7 Wallnut Street article:
Apple buying McDonalds? Eew, ick!
Buy Ptomaine Palace? Oh, God, no! Anything but that!