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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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To: mrsmith
One billion to investment, 210 billion to stock repurchases.
As I said- unimpressive.

You don't want investors to be repaid? You obviously have no clue about economics. Apple has paid back $175 Billion out of EARNINGS and will do the SAME with the additional $35 BILLION in the buy back of stock (which is money invested in stock that investors BOUGHT) and at the same time AMASSED $250 BILLION more that belongs to Apple that has already had income tax paid on it. . . as has the money being used to buy back shares and pay dividends. THAT IS IMPRESSIVE.

That $1 billion is larger than the individual profits of a good portion of the Fortune 500 companies. . . and you find that "unimpressive?" In fact, it's larger than the REVENUE of a good size fraction of those 500.

21 posted on 05/03/2017 11:57:54 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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