Issuing preferred shares that pay a big dividend may not be the best use of Apple's more than $137 billion of cash and liquid investments. But hedge fund manager and Apple shareholder David Einhorn, who is pushing the maker of iEverything to reward investors with a new class of high-yielding stock, has a point.
Apple should be doing something more productive with its more than $137 billion in cash. Did I mention that Apple (AAPL) has more than $137 billion in cash?
And it's not alone. Several leaders in the tech and pharmaceutical industries are hoarding cash. ....
Mercy! Corporations have too much cash! And they are hoarding it!
My Goodness. It's no wonder their stocks are doing poorly. Why everyone knows making money is bad business and spending money isn't.
Yes readers, this is the way economic writers on mainstream media think.
Although I am not opposed to higher dividend yields, I am also not opposed to the concept of waiting for better opportunities.