Despite having a mountain of cash overseas, Apple has decided it’d be cheaper for the company to go into debt for its stock buyback program, rather than bring the money back to the U.S. to be taxed.
After taking the initial steps yesterday toward offering bonds to investors, Apple opened up its order book today and plans to sell $ 17 billion worth of bonds. The six-part all dollar offering has already [Read More...]
Last week, Apple announced its plans to return $ 100 billion in stock to investors over the next few years. The increase more than doubled Apple’s original capital return program of $ 45 billion. Quarterly dividend payments also increased 15%, or $ 3.05 per common share.
Apple may have a huge cash pile, but even the world’s most valuable company will have to go into debt to finance a return program of this [Read More...]
Securities trader David Miller has pleaded guilty to fraud after buying $ 1 billion of Apple stock without permission and bringing down his company. The 40-year-old purchased 1.625 million Apple shares on the day the Cupertino company reported its third-quarter results in October 2012, hoping that he’d be able to make a profit when the share price rose.
Instead, the share price fell and Miller’s gamble backfired, sending Rochdale Securities under.
Miller [Read More...]
With Apple stock seemingly in free fall, a new report suggests that Apple is going to announce a plan to return additional value to shareholders as soon as this spring, either by increasing the existing dividend or by buying back stock from investors.
Says Quartz:
Apple’s zeroing in on a dividend or buyback was in the works before Einhorn made his complaints public in February, although some of the sources say [Read More...]
The iTunes image preview may have gigantic typos, but HiddenApps lets yo do something really incredible without a jailbreak: hide stock iOS apps like Stocks, Newsstand, Passbok, Mail and more.
Here’s how it works. Download the free app and run it, and you can hide stock iOS apps or even disable all iAds system-wide.
Hiding apps isn’t exactly intuitive, but it works. Essentially, when you tell HiddenApps to hide an app, [Read More...]
Famed investor and philanthropist Warren Buffet stopped by CNBC’s Squawk Box this morning, and the Berkshire Hathaway head had some interesting thoughts on what Apple should do with its cash: by back all of its stock from investors, just like Warren Buffett told Steve Jobs to do years ago.
Asked about what do with Apple’s $ 137 billion in cash, and AAPL’s depressed stock price, Warren [Read More...]
Time to tie executive salaries to stock performance, right?
According to a newly-posted shareholder document, Apple now requires executive officers to own three times their annual salary. The CEO is still required to hold ten times his own annual salary in stock, as well.
This current move, as reported by the Wall Street Journal, comes a month after Apple’s board actually opposed a similar measure [Read More...]
Apple hosted its annual shareholder meeting today at Apple HQ in Cupertino. There were some big rumors yesterday that Tim Cook would announce a stock split during the meeting, but that never actually happened.
At this years shareholder’s meeting, all the board members were re-elected, and Tim Cook got 99.1% of investor approval. There were two proposals put to vote that Apple did not support, but both of those were struck down [Read More...]
Rumors are swirling that Apple, a company which has been having a rocky time on Wall Street lately despite reporting their most profitable quarter ever, might announce a decision to issue a stock split tomorrow at their next shareholder meeting, to be held tomorrow.
The source of the rumor appears to be a tweet from investor and analyst Douglass Kass, who says that :
High above the Alps my Gnome is [Read More...]
Hedge fund heavyweight David Einhorn just won a decisive victory in his crusade against Apple’s limited stock options.
A New York judge has ruled in favor of David Einhorn’s Greenlight Capital and blocked an AAPL shareholder vote that would limit Apple’s ability to give preferred stock options to investors. The ruling comes after Greenlight held a [Read More...]
