spiderman1265 wrote: »
You need to get off your high horse, man. I work on Wall st. for a career so I know a little about this. The only reason they're issuing foreign currency-denominated debt is because that debt is generally "priced" (the interest rate is derermined) using the currency's central bank's interest rate—which in the causes of European countries and Japan is currently rock bottom, even lower than in the United States. Debt is tied to the riskiness of a currency/country as well as the company itself. Simply allows Apple to borrow at a lower cost. Doesn't prevent it from using that money on returning capital.
Ah, interesting, thanks for taking the time to explain.
The execs in Applemake a mint from this because buying back shares drives up the price of shares which they have tons of. Share buybacks generally have come into vogue in the last fifteen years or so because ... ... oh yes execs have been increasingly rewarded in shares.
Keep doing this until you take your company to private, Tim. Sick of WS anal...yst.
Why is it that one of you always posts this nonsense? They could issue ten buybacks of similar size, and they would not be any closer to private ownership. The value of the company would just be distributed among fewer shares. Even if they didn't retire the ones that are bought back, they could not legally vote them.