Something bordering on miraculous has occurred since the day Apple CEO Steve Jobs announced he would be taking a 6-month medical leave of absence - a rally, and a big one.
"Apple is sitting on an enormous cash position of better than $28 billion.
This is a company that hasn't made significant acquisitions, but it certainly can buy just about anything it wants to. Or buy back stock. Or offer a dividend. But here's the thing: In recessionary times, cash is always king, and Apple has a mountain of it. But the company's business is also surging. It's an incredibly powerful one-two financial punch not replicated by any other company, to this degree, that I can think of."
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