|Bid||9.630 x 1800|
|Ask||9.640 x 1600|
|Day's Range||9.250 - 9.725|
|52 Week Range||8.810 - 23.290|
|PE Ratio (TTM)||-36.07|
|Dividend & Yield||0.80 (8.37%)|
|1y Target Est||N/A|
Two business headlines caught my fancy recently, and while only one had anything to do with Apple Inc. (NASDAQ:AAPL), they have made me consider the quandary the iPhone maker faces regarding its foreign cash holdings. It’s an issue that has been pushed to the backburner between iPhone 8 rumors and the company’s upcoming earnings report, but it still has important implications for AAPL stock. Moody’s recently studied the cash hoards of nonfinancial U.S. companies and found these companies held $1.84 trillion (as of Dec. 31, 2016) in cash, with about 70% outside the U.S. — 11% higher than a year earlier.
The teen retailer decides going it alone is better than a mash-up of two struggling companies.
Abercrombie (ANF) aims to expand its business in China by opening a store in Alibaba Group Holding Limited's (BABA) Tmall.