Obama talking with Cook and Cook talking about a tax Holiday on foriegn 80 Billion. If Apple just gets a reasonable break this could open the flood gates to repatriation of that 80 Billion Plus all the other countless Billions held by other multinationals. If Dems had a brain(BIG IF) They would see that 5 or 10 or even 15% of something is better than 40 % of nothing. It takes a brain and some critiical thinking(along with putting politics aside) but I hold out hopes that DEMS can find it in themselves to do what is best for the country. Repubs have already been pleading with them for this. (color me hopeless optimist).
cash will be king soon after the fiscal cliff is resolved. there are bunch of cuts in the budget cut of 2011 that will stall the housing recovery (wasn't much to begin with) and unemployment will spike, sending us reeling back into a recession. no way apple parts with any of its cash knowing what is coming.
Cash & equivalents, short-term investments, and long-term investments came to about $121 billion at the end of the last quarter. However and unless I'm mistaken, I thought they said that 80% was overseas. That would leave about $24 billion states-side. How much of that would they dare dividend out? $5 billion? $10 billion? None?
Clearly there are companies thinking about accelerating existing dividends or declaring special ones before the end of the year. It doesn't seem that AAPL is among them, though.
This is a good discussion. Clearly, there is a war chest of cash available and something should be done with it. How about increasing the share buy-back (I think we some of that Friday) and a boost in the dividend?
I have heard this mentioned recently but I doubt it will happen. It is not AAPL's style to do something like that. Besides a special dividend, say $10 per share, will just drive down the price that much so really what is the point?