More than one third of the current market cap.
The cash doesn't mean it deserves that kind of multiple your #$%$..listen to Jeffrey Gundlach imbecile.
Actually cash increased to $137 billion and will be close to
$175 billion by year end 2013.
If this is not compelling enough, then nothing else matters.
All ill gotten gains from the people. This is really the peoples money that was ill gottenand will be returned to the people who are entitled to the gains. I see less than $350/share by 10 am.
Sentiment: Strong Sell
Ill gottened? Do you have downs?
tempted to bottom fish, will wait 3 days
Its real and accessible. Look for a buy back. I really don't believe that this is over. Cook will be announcing catalysts over the next few days. AAPL is know for doing those separate to the earnings. Look for a buy back and new products that will drive us way up from here. DON'T SELL HERE!!! Fools sell in after hours panic. Tomorrow we will see the quaerter was actually positive!
Sentiment: Strong Buy
Cook referenced returning $45 Billion to shareholders over the next 3 years - if $30 Billion is dividends then $5 Billion per year has been authorized for buybacks already. Might suggest they spend the $15 Billion upfront and own their own "problems".
Sentiment: Strong Buy
SO???......U IDIOTS DONT SEEM TO GET IT YET DO U!!??.......IS IT DOING ANYTHING FOR THEM??...NO!!..LOL....BAGGIES ARE FOOLS!!
You are so right Sheep...they don't get it...sitting on that Cash is not good. The Street will punish them for not doing the right thing with it. Shareholders are screwed Big Time. No buyback, paltry divvy...what good is it ?
And no innovation....gawd wake up Ppl.
135 Bil cash.....40 Bil tax on the offshore portion of it, 45 Bil to offset option grants..they are left with 55Bil in cash...remember they need to pay 10 Bil /year dividend every year
I suspect Apple stock is dead for at least 2 quarters..they missed 3 quarters in a rown
the problem with the stock price is ,it is too high for the retail to buy and hedge..institutions will not add to their position or will trim because of low dividend..hedge funds they care about monthly ,quarterly and daily performance of their holdings.. they change with the market go short or long
and the P?E multiple on cash is 1. Furthermore, half that cash is overseas just waiting to get taxed at 40% if they bring it back into the U.S. In the case of Apple...cash is trash!
appl could buy SAP
market wants to hear what they are going to really do with it, cash is no good to wallstreet anymore apparently
in a bear market, people would respect the cash more. its obvious we have a raging BULL MOMO market now.. be very afraid if you are long the NFLX's of the world
The most profitable company in the world second to no one! Trust me they will be doing something with the money. The new CFO is known for buy backs. Expect it to happen next couple days at these great prices.
Sentiment: Strong Buy
I have been a long time investor in Apple, and had faith in the company.....up until tonight. My thoughts were the fact that maybe there continues to be arrogance instead of logic? When asked a number of time whether they are considering different price points, and particularly different phone sizes, Cook's answer essentially eluded to a "no" answer. That's my read and it is disturbing, for people want a larger phone. So why not join the party?