Apple refuses to buy back shares yet they want the retail investor to buy? Even warren buffet put a floor on his stock price by buying back shares whenever his companies stock price gets too low.
You have my vote(only somewhat qualified) --use one half of current $137 billion
for accretive to earnings acquisitions--use one half of future free cash flow from operations
for dividend increases and stock repurchases that will more than cover new stock option
issuance, however put in place immediately the dividend increase.
They already have a buyback program in place---I agree it would be a good idea
to announce an expanded new buyback program--
Also a dividend increase to at least $4.00 quarterly---$16.00 annually--
A 10 for one stock split would be a good idea at this time IMHO