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