Thursday, January 12, 2012

Apple's Foreign Cash Hoard - Seeking Alpha

Increasingly, Apple's cash lies overseas out of easy reach, a trend that will pose a considerable challenge for the company in instituting a significant dividend, buyback, or U.S. acquisition. For the foreseeable future, Apple's foreign wealth will keep getting larger: Ultimately, Apple may become more of an overseas business with a U.S. division hindered from a lack of ready cash.

Wow... So seriously....  with a U.S. division hindered from a lack of ready cash.  How on earth is 28 BILLION dollars in cash considered a "lack of ready cash"?  That makes zero sense to me.  

Granted, if Apple wanted to buy HTC, you might say they had a "lack of ready cash", but seriously, such a ridiculous statement.  

What really got me going is actually related to the whole "tax repatriation holiday" conversation that's been happening throughout 2011.  Corporations (including Apple) have been lobbying congress hard to get this holiday.  And as a "non-person", it makes sense for corporations to try and get this enacted.  Not because it's good for the country, it's yet another way that "corporations" can get a nice fat Tax Cut, while the Rest-Of-US™ need to understand that our belts need tightening, just like a household, and we should get used to 7-8% unemployment, stagnant wages, and reduced Social Security/Medicare/Unemployment benefits down the road...

These are just hard times and the little people just need to suck it up, because you know if the Jaaahb Creators get to bring that money home at 3 or 5% instead of 35% taxes...  Well...  You just *KNOW* they're gonna generate them a whole heapin' pile of jobs.  They certainly aren't just going to pocket that money, or hand it out in Dividends to rich investors...  That would just be...

Wrong?

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