The NY Times Dealbook recently wrote about Apple Inc.‘s excess cash. The Dealbook opines that Apple is currently undervalued because of the idle cash and speculates that Apple is set to go on a major buying spree. Apple could also 1) declare a dividend (which it currently does not); or 2) repurchase shares.
Good companies don’t buy just to buy, so I expect any Apple purchase(s) will be wise. But, if Apple does not find good value targets, it should buyback some shares to increase shareholder value.
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