Analyst: Apple should quit hoarding its cash pile
TweetFollow Us on Twitter

Analyst: Apple should quit hoarding its cash pile


Bernstein Research analyst Toni Sacconaghi told clients in a note this morning that the time has come for Apple "to do something about its insanely large pile of cash," which as of the end of the June quarter totaled $45.8 billion, or about $49 a share, according to "Barron's" (http://macosg.me/2/oy).

“Apple has done an extraordinary job in creating value for its shareholders over the last five years,” the analyst writes. “However, one common and growing source of investor frustration has been the company’s unwillingness to return any part of its burgeoning $46 billion cash balance to its shareholders or even discuss its vision for how the company plans to use its cash. We think Apple’s cash policy -- or lack thereof -- is an important shareholder issue and one that we believe needs to be better addressed by Apple’s Board.”

Sacconaghi says Apple should pay a one-time dividend, pay a regular dividend or buy back shares. He thinks investors’ bias would be for Apple to starting paying a regular dividend.

 
AAPL
$100.87
Apple Inc.
+0.34
GOOG
$584.46
Google Inc.
-2.40
MSFT
$44.96
Microsoft Corpora
-0.37
MacNews Search:
Community Search:

Latest Forum Discussions

See All
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Cubic Castles Review
Cubic Castles Review By Rob Thomas on August 20th, 2014 Our Rating: :: CASTLE CRAFTINGiPad Only App - Designed for the iPad Some ridiculously frustrating camera issues aside, Cubic Castles is a pretty neat, voxel-based crafting game that sports serious future potential.   | Read more »
Space Colors – Tips, Tricks, Strategies,...
Hello Cadets: Want to know what we thought about this hectic space combat/roguelike? Check out our Space Colors review! Space Colors is a cool shooter/roguelike from Team Chaos. You travel from planet to planet across a huge galaxy and complete a variety of missions. One day, you may pick up a benign space crate. On another day, you may be asked... | Read more »
Tap Sports Baseball – Tips, Tricks, and...
Tap Sports Baseball is a pretty simple game to learn, but that doesn’t mean it’s an easy game to master, by any means. To start your batting career off well, we thought we’d give you the heads up on some handy tips and tricks. Hey Batter-Batter: Curious to see what we made of this whole “tap to bat” management sim? Check out our Tap Sports... | Read more »
Tap Sports Baseball Review
Tap Sports Baseball Review By Jennifer Allen on August 20th, 2014 Our Rating: :: LET'S PLAY BALLUniversal App - Designed for iPhone and iPad Tap Sports Baseball is briefly fun but lacks some important features.   | Read more »
Earn to Die 2 Set to Drive in to the App...
Earn to Die 2 Set to Drive in to the App Store Later This Year Posted by Ellis Spice on August 20th, 2014 [ permalink ] Not Doppler has announced that Earn to Die 2, a sequel to their successful game | Read more »
Frontier Heroes Review
Frontier Heroes Review By Andrew Fisher on August 20th, 2014 Our Rating: :: BLAZES NO TRAILSUniversal App - Designed for iPhone and iPad Despite awesome visuals and great music, Frontier Heroes just doesn’t quite deliver enough fun with its history lesson.   | Read more »
Echo Prime is Now on Sale for $0.99
Echo Prime is Now on Sale for $0.99 Posted by Jessica Fisher on August 20th, 2014 [ permalink ] Universal App - Designed for iPhone and iPad | Read more »
Star Realms Review
Star Realms Review By Andrew Fisher on August 20th, 2014 Our Rating: :: A STAR IS BORNUniversal App - Designed for iPhone and iPad Star Realms is an excellent adaptation of an outstanding deck-builder. With great visuals and an effective presentation, Star Realms is awesome.   | Read more »
This. Is. SPRINGFIELD! War comes to The...
This. Is. SPRINGFIELD! | Read more »
One Tap RPG Review
One Tap RPG Review By Campbell Bird on August 20th, 2014 Our Rating: :: DUNGEON SLIDERUniversal App - Designed for iPhone and iPad This casual arcade game introduces some very light rpg elements into its fantasy-themed pachinko gameplay.   | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.