Apple: Get Ready To Buy Back Shares [Seeking Alpha]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
investor.apple.com
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Source: Seeking Alpha
Summary Our criticism of Apple's ( AAPL ) cash allocation is no secret. Apple has exploded its debt sheet in order to spend on dividends and buybacks over the last five years, from nearly $0 to over $120bn now. It has hardly been an exciting acquirer, too, with bolt-on acquisitions never exceeding a few billion here or there. The last 30 days, however, have knocked Apple's share price roughly 10%. And with the market sell-off, it does not seem to be stopping there. Given the new TTM PE ratio of 15.9 at the share price of $155, we are moderating our position and hope Apple opens the pocketbook to retire even more shares as the market correction continues and the share price falls below $150. Apple to Retire Debt At the outset, we are truly happy that Apple has decided to begin working on the debt. After the recent earnings announcement - opting to bring its net cash position to zero - we see a serious effort to address the debt load. It will be pulling back on i
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AAPL
Earnings
- 2/1/24 - Beat
AAPL
Sec Filings
- 4/17/24 - Form 4
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- AAPL's page on the SEC website