Quote:
Originally Posted by
jragosta 
While that's normally true of most companies, it's not really the case for Apple. They have mountains of cash sitting around and they are not in a position where they have to choose between alternatives.
That statement is wrong, with all due respect. While 'cash' is generally worth cash when it's sitting around, the only true measure of the opportunity cost of cash
when it used for something -- anything -- is the cost of capital, regardless of the amount that is sitting around. The actual cost of capital of a particular investment will, in turn, depend on the returns you can get on risk-equivalent investments elsewhere.
I didn't write the rules of finance.
In this particular case, however, the cost of capital may be tough to measure, since there are aspects to this investment that go far beyond just the purchase price of grid-delivered electricity foregone. It is, however, not what the cash currently earns.
That's about all I wish to say about it. Have no interest in getting into an argument over this!
