Apple Issues Statement About Returning Cash to Shareholders

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 7, 2013.

  1. macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    [​IMG]
    Apple has issued a press release reiterating its commitment to return some of its extremely large cash pile to shareholders, saying that Apple management and the Board of Directors are in "active discussions" about how to return cash to shareholders.

    This follows letter sent to Apple shareholders this morning by Greenlight Capital [PDF], a major Apple shareholder, arguing that the company "must examine all of its options to unlock the growing value of its balance sheet".

    Apple's statement:
    [​IMG]
    Apple's stock price rose sharply in the minutes following the release.

    Article Link: Apple Issues Statement About Returning Cash to Shareholders
     
  2. macrumors 65816

    Joined:
    Apr 4, 2007
    Location:
    los angeles
    #2
    Randy Moss would approve of the Straight Cash Homey.
     
  3. macrumors 603

    blueroom

    Joined:
    Feb 15, 2009
    Location:
    Toronto, Canada
    #3
    In other news, BlackBerry...
     
  4. macrumors 6502

    Joined:
    Dec 28, 2001
    Location:
    Los Angeles, CA
    #4
    What about their loyal customers?
     
  5. macrumors 65816

    voyagerd

    Joined:
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    Location:
    Rancho Cordova, CA
    #5
    Trying to decide if I should buy some more AAPL.
     
  6. macrumors 6502a

    Joined:
    Nov 28, 2009
    Location:
    United kingdom
    #6
    The timing is perfect. They are giving the money back because they have "Too" much money in cash reserves. Meanwhile, Dell is going private.

    Michael Dell - "What would I do? I'd shut it down and give the money back to the shareholders"

    Backfire :)
     
  7. macrumors member

    Joined:
    Jun 17, 2010
    #7
    Did anyone say "PR Department opening up!"
     
  8. macrumors 6502

    Joined:
    Nov 8, 2006
    Location:
    Earth.
    #8
    How about giving the staff, including retail, a bonus. We never get bonuses, and in my store all we were got for christmas was a small bag of peanuts!
     
  9. macrumors 68030

    ChrisTX

    Joined:
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    Location:
    Texas
    #9
    Apple sits on SO MUCH money. Can they possibly ever spend it all? :eek:
     
  10. macrumors 601

    Yvan256

    Joined:
    Jul 5, 2004
    Location:
    Canada
    #10
    Anything that can shield Apple from the crazy mood of the stock market is a good thing. Their value keeps going up and down because of a few insane people who keep writing stupid rumors and predicting out-of-this-world profits based on wishful thinking.
     
  11. macrumors 65816

    Joined:
    Feb 13, 2005
    #11
    Following in the footsteps of Dell....

    I wonder if Apple is also trying to distance itself from the perceived risk of increasing volatility in stock prices?
     
  12. macrumors 68040

    Joined:
    Jan 10, 2005
    #12
    Is it really "giving money back to shareholders", since that money didn't come from the shareholders, but from the people who bought their products? When investor buys a share in a company, the money does not go to the company in question, but to the investor he bought the share from. Unless he took part in the IPO that is.
     
  13. macrumors 603

    ArtOfWarfare

    Joined:
    Nov 26, 2007
    #13
    Is that a literal bag of peanuts?
     
  14. macrumors 68000

    4JNA

    Joined:
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    Location:
    looking for trash files
    #14
    Thanks for the free stock Bump activist dude.

    hahaha... hey, Einhorn, next time RTFA of Incorporation before sueing. dumbass. :rolleyes:
     
  15. macrumors 65816

    Joined:
    Oct 17, 2011
    #15
    Explain to me why you care.
     
  16. macrumors 6502a

    ncaissie

    Joined:
    Dec 1, 2011
    #16
    @Apple

    Dump it in R&D and build me a jetpack!
     
  17. TEG
    macrumors 604

    TEG

    Joined:
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    Location:
    Langley, Washington
    #17
    They could indirectly give the money back to the shareholders by buying back stock. Less available stock usually raises the price, giving people value, at least on paper.

    TEG
     
  18. macrumors 68020

    Joined:
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    Location:
    California
    #18


    I'm not liking Einhorn's involvement in this. I just hope guys like this don't Bain Apple.
     
  19. macrumors 68020

    Squilly

    Joined:
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    Location:
    PA
    #19
    I didn't see that coming....
    On another note...
    "We find ourselves in the fortunate position of continuing to generate large amounts of cash, including $23 billion in cash flow from operations in the last quarter alone. "
    That's a lot of $$$$.
     
  20. macrumors 68000

    spiderman0616

    Joined:
    Aug 1, 2010
    #20
    I have stopped paying attention to the stock because it seems like any good news about Apple makes the stock go down, but can someone explain to me why this statement made it shoot up 10 points? It's not like people didn't already know about this.
     
  21. macrumors 6502a

    phillipduran

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    Location:
    Iowa
    #21
    Their loyal customers buy stock. ;)
     
  22. macrumors 68020

    Joined:
    Jul 8, 2006
    Location:
    California
    #22


    It's to give even more money back so investors. Possibly in higher dividend yields or a buyback. So people get in on it and rocket the stock price.
     
  23. macrumors 68020

    charlieegan3

    Joined:
    Feb 16, 2012
    Location:
    U.K
    #23
    Both beat me to a Dell comment - well played/bravo. :)
     
  24. macrumors G3

    charlituna

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    Jun 11, 2008
    Location:
    Los Angeles, CA
    #24
    You get great tech that is so awesome that you buy more. If you want money perhaps you should use that tech for something profitable
     
  25. macrumors member

    applegigs

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    Oct 19, 2011
    Location:
    Copenhagen, Denmark
    #25
    Did that :rolleyes::apple: now is the time !
     

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