Apple: Even A 'Historic' Buyback Program Isn't Going To Move The Needle [Seeking Alpha]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: Seeking Alpha
The repurchase plan should improve EPS slightly but will do nothing for free cash flow and there are potentially effective uses for the company's cash. The article below suggests three alternative uses for Apple's massive largess and notes that this massive buyback authorization is unlikely to move the needle on the stock longer term. Apple ( NASDAQ: AAPL announced a $110 billion stock buyback after the bell on Thursday along with its Q1 results. This is the biggest stock repurchase program in history and helped the stock gain some six percent in trading on Friday. While the
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