Why in the world would ANY COMPANY want to build "in" a permanent cash boggie that they have to hit each quarter going forward? It seems Einhorn is wanting to place a layer of priority OVER common shareholders should thing ever turn south at Apple and as we all know, this has happened once before.
I agree saving for a rainy day has led to this hoard of cash but so too, has the OBAMACARE uncertainty along with repatriating cash from over seas.
So TWO FED issues could Apples ability to move forward and KNOW, what they are up against after taking any course of action be it in line with Einhorn or not.
Mr Einhorn's sentiment is not lost on me but, I do think there is alittle more to this cash LOCK than fearing a depression though no one, not even Mr Einhorn can tell any of us what impact this DumbamaCARE is going to have on all of us as consumers and tax payers.
All IMHO of course............