Saturday, February 7, 2009

Apple's Not So Quiet Rally And Why It Will Continue

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."

read more | digg story

No comments: