The Reformed Broker’s Josh Brown and The Irrelevant Investor’s Michael Batnick have fun spending Apple’s gravy.
From Batnick’s “Apple is a Large Company” posted Tuesday:
If we expand our definition of cash to include current and non-current marketable securities, think bonds, then they have $195 billion in cash. You know $195 billion is a lot of money. It doesn’t need context. So I won’t tell you how many companies in the S&P 500 it could buy with all that cash. Just kidding. The answer is 460.
Apple isn’t hoarding cash because they’re preparing for the apocalypse. They literally cannot distribute it fast enough to their shareholders. Over the last five years, they’ve spent a quarter of a trillion dollars on buybacks and dividends.
But the money just keeps piling up, and they’ve gotta do something with it… Josh and I are going to talk about what Apple’s next move should be and much more on tonight’s WAYT (What Are Your Thoughts):
Cue the video. The Apple section starts at the 28:33 minute mark.
My take: Fun YouTube format. If only it were 100% Apple. Thanks to MacDailyNews for the link.