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Resources and Advisory Services
Apple's Cash, Once Again

We first accounted for Apple's cash in early 2014, and again later in the year. Since then, investor and analyst Eric Jackson questioned the company's entire share repurchase and dividend program, instead suggesting the company should have spent the cash on M&A (Tesla, Twitter, Pinterest) and R&D (batteries, iCloud). As Apple announces its first quarter results, we again update our accounting.

 

Cash as of 12/27/14: $179 billion, wow. 

 

Debt as of 12/27/14: $36 billion 

 

Net cash as of 12/27/14: $143 billion

 

We continue this exposition in a current blog post

Recent TAI blog posts

 

How Activists Collaborate (and Settle), Continued (2/5/15 email)

Why Oh Why Can't We Have A Better Press Corps? (2/3/15) 

The New CEO Activist Hedge Fund Makes No Sense (1/29/15)

Shareholder Enragement, Continued (1/22/15 email)

Does Marty Lipton Even Read the Stuff He Sends to Clients? (1/20/15) 

What Did An SEC Commissioner Just Do For Classified Boards? (1/13/15)

You can find other useful resources at the TAI website, including our research on "Effective Activism, on the Cheap", our new resource guides on attorneys for activist investors and on activist investing data sourcesour white paper with the basics on activist investing, and our new guides on exempt solicitationconsent solicitation, and special shareholder meetings. 
For further information, please contact:
 
Michael R. Levin
[email protected]
847.830.1479