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To: mrsmith

They are not repatriating any money right now. Cook said in the interview they would be using funds that are already in the US.


13 posted on 05/03/2017 5:03:04 PM PDT by proxy_user
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To: proxy_user

“Apple boss Tim Cook has been criticized for missing a trick by carrying out a share buyback before the introduction of Donald Trump’s tax repatriation plan.

Apple posted quarterly earnings revenue of $52.9 billion Tuesday. The figure was just shy of expectations, but the firm appeased investors with an increased quarterly dividend of $0.63.

The firm also upped its buyback program by $35 billion and plans to spend a total of $210 billion buying back its stock by the end of March 2019.”
http://www.cnbc.com/2017/05/03/apple-share-buyback-trump-tax-plan.html
One billion to investment, 210 billion to stock repurchases.
As I said- unimpressive.


15 posted on 05/03/2017 5:10:25 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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