Jobs should be the shareholders through dividends for the benefit of Apple
According to foreign media reports, later this month Jiemi on Apple's new "iPad" already have a lot of speculation, but if Steve? Jobs (SteveJobs), then the real benefit of the shareholders, they should be made Following a few more simple things:
Apple billions of dollars of shareholder value, Steve money should be returned to shareholders. According to the latest information on Apple's cash and cash equivalents 340 million, or 37 dollars per share. Careful observation Apple's balance sheet shows the company cash flow and current assets only liabilities of more than 21 billion U.S. dollars. AtlanticEquities London, an analyst at research institutions, said half of the cash in the company's overseas banks, once the cash remitted back to the United States, may face a potential tax crisis.
Apple's cash reserves are still increasing, operating cash flow has reached 10 billion U.S. dollars annually. Barclays Capital analyst this? Peretz (BenReitzes) iPhone, said Apple
Mobile
European Sales amazing, especially in Britain and France, the fourth quarter is expected to sell the iPhone only into the more than 9 million. Apple's next quarter will continue to expand the amount of cash, according to a conservative method to estimate the additional cash amount equal shares to close 30 U.S. dollars per share will be.
Company does not need so much money for business operations, while the majority of profits in low-yield investments, such as short-term corporate bonds. This is not good news for investors, this investment will dilute shareholder returns. Apple's share price is currently about 210 U.S. dollars, 55% of those who wish to receive annual income investors need to understand that 30% of the profits into low-return, short-term bonds.
Why Apple hoarding a lot of cash? A company spokesman said the company needs to maintain a strong cash flow and balance sheet, strategic investments or acquisitions for the preparation. On genuine investors, this was very bad news. Stock market history shows that large acquisitions often been frustrated, the company only through their own efforts to become better and better, especially for Apple such a highly innovative, fast-changing market, the company operated.
Steve really should be in the form of corporate profits in dividends returned to shareholders. Often, because of financial discipline on the management of this restriction is better than a one-time payment of quarterly dividends, but no matter what kind of program, the central principle is to return profits to shareholders. In the past 10 years, everyone understands the company over the cost of borrowing, but should be aware that debt will not harm shareholder value. Apple's financial leverage is not balanced, the company market capitalization of 190 billion U.S. dollars, annual
Sell
Amounted to 36 billion U.S. dollars, operating cash flow of 100 million. If the company debt is less than 300 billion dollars, it will not face any risk.
All in all, this quarter we would like to see Apple's biggest innovation is not iPad, iSlate or iTablet like, but the dividends.
I am an expert from China Products, usually analyzes all kind of industries situation, such as decorative dinner plates , luxury dinnerware.
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