then what is it worth? that is how you have to value this company.
when valuing this company. its not yours. the company has already told you so.
the only company that will ever have more cash on its balance sheet is apple next quarter, and then more the quarter after that, and the quarter after that, you get it.
now wiped out.
i think most prudent money managers will stay away from this stock until they get serious about their cash.
the amount of money they have and generate relative to their divy and buybacks is #$%$.
they all would fail finance 101.
this will not be a good investment until they get serious about their unused and growing cash.
and no, I do not consider their current divvy and repurchase program serious. it small fraction of what is on their balance sheet and what they generate.
management and the BOD is failing shareholders.
that will be the day all China Mobile deal gains are gone.
Their ability to generate so much cash and do nothing with it speaks volumes about the disconnect between their operational intellect and their financial intellect.
It's mind boggling how much cash they sit on. Absolutely mind boggling.