Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Gondring
Like I said, a cash-poor operation.

$35mm in publicly traded securities is not cash-poor by any stretch of the imagination.

That's a lot of liquidity.

When the Wall Street Journal says "Apple's cash pile is now $65.8B" they are talking about $16B of cash, and almost $50B of publicly traded securities.

22 posted on 05/23/2011 11:52:40 AM PDT by wideawake
[ Post Reply | Private Reply | To 20 | View Replies ]


To: wideawake

And here I was debating with myself prior to posting that when you said he was supposed to donate what he was sitting on, you might have meant himself, not the company...and all the talk that he had taken the money and run (publicly traded securities are not identical to cash). I never guessed we had different definitions of “sitting on”.

But that’s irrelevant to the bottom line. I’m curious why you think he should donate his assets or the radio networks’.


23 posted on 05/23/2011 12:25:10 PM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
[ Post Reply | Private Reply | To 22 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson