Is it possible to have too much cash for your own good? I believe the average 7th grader would easily recognize the inherent absurdity of such a question. However, the average economic writer does not understand what the average 7th grader does.For example, please consider Apple isn't the only company with too much cash on CNN Money by author Paul La Monica.
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. ....
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