Everyone Says Apple Has All This Cash...They Dont!!
Most of it is tied up oversees. They just cant access it at will. They will lose 35% of it if they do. So don't expect big div increase or buyback. I think all the pressure from greedy longs and Einhorn types might have messed up Apple's longer term acquisition plans. Good job fellas.
You do Know that Apple does not need to bring back overseas cash to Buyback shares right? Apple can simply hire an International Brokerage house to buy back shares with overseas cash and not pay any Tax to the USA! It is that simple.....IBM has done a similar deal.....and They even borrowed money from Europe to do it.....
So it is actually very simple....since Apple most likely has 100 billion overseas...DoYou honestly think Apple can't Buy Back 40 billion worth with that overseas cash? Apple will still have 110 Billion in cash!
Apple can just give the Q1 Holiday cash which was 23 billion and pay it out over the year and still collect 3 Q's of cash to add to the balance.