Who Else Has the Cash?
Apple (AAPL) finally let us know what it will do with its massive cash hoard. It is about time.
This news that they are paying a dividend and buying back large amounts of stock is welcome news. I have been talking for several years now that the major cash hoarders need to find ways to return the cash to shareholders rather than sitting on it. This is especially true of the big three: Apple, Microsoft (MSFT) and Cisco (CSCO). Not only are these companies sitting on billions of shareholder dollars, they also generate more than enough cash on an operating basis to cover costs. They can afford to return substantial amounts of cash and still fund expansion and research and development. It would nice to see some dividend increases from these companies....507 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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