Let's talk Apple stock buy back......

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applejakesapplejakes
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in AAPL Investors
Apple is currently at around 4.75 Billion outstanding shares.

They've stated they want to get to a cash neutral position.  I thought I read/heard they wanted to get to that position in 3 years.  I don't think that is possible in 3 but 5 seems more possible.

There is around $123B in net cash right now.  Assuming revenue increase of 8% a year then Apple would be able to spend close to, if not more than, $500B on buy backs.  Depending on what kind of games Wall Street and analysts want to play, Apple could buy back roughly 2 billion shares.  About 100 million per quarter.  I think there is a good chance they can get 150 this quarter and next.  Maybe for longer.  That would put them well ahead of a 2 billion pace.  If they fall behind pace that means we are benefiting from a significant rise in stock price.

How long do you think Apple buys back shares?  Indefinitely is my hope.  I hope their goal is to get below 1 billion outstanding over the next 10-15 years.

What are your expectations?  Is it possible for them to take that many off the table?  The stock price could be astronomical as we get close to my goal.

Comments

  • Reply 1 of 3
    e1618978e1618978 Posts: 6,075member
    When I looked up the definition of "net cash", it was cash minus total liabilities.  How do you get your calculated total of $123B?  I get $43B even when I add in the rest of the current assets and long term investments ($131.339+170.779-258.578).


    https://www.investopedia.com/terms/n/net-cash.asp
    ttps://finance.yahoo.com/quote/AAPL/balance-sheet?p=AAPL
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  • Reply 2 of 3
    applejakesapplejakes Posts: 71member
    e1618978 said:
    When I looked up the definition of "net cash", it was cash minus total liabilities.  How do you get your calculated total of $123B?  I get $43B even when I add in the rest of the current assets and long term investments ($131.339+170.779-258.578).


    https://www.investopedia.com/terms/n/net-cash.asp
    ttps://finance.yahoo.com/quote/AAPL/balance-sheet?p=AAPL
    Taken from an inve1618978 said:
    When I looked up the definition of "net cash", it was cash minus total liabilities.  How do you get your calculated total of $123B?  I get $43B even when I add in the rest of the current assets and long term investments ($131.339+170.779-258.578).


    https://www.investopedia.com/terms/n/net-cash.asp
    ttps://finance.yahoo.com/quote/AAPL/balance-sheet?p=AAPL

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  • Reply 3 of 3
    applejakesapplejakes Posts: 71member
    Got that number from a spreadsheet that is included with the quarterly reports from investor relations.  It is a return of capital history:

    http://https//s22.q4cdn.com/396847794/files/doc_financials/quarterly/2018/Q4/Apple-Return-of-Capital-and-Net-Cash-Position-Q4'18.pdf
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