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jean jacques

jean jacques
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  • Insider Monkey's Jake Mann takes a look at how Apple (AAPL -1.1%) invests its $120B in liquid assets. "Corporate securities" (either debt or equities) made up $46.3B of the total at the end of FY12, treasuries made up $20.1B, and U.S. agency securities $19.5B. Another $11.9B was invested in mortgage and asset-backed securities, $5.6B in muni bonds, and $5.5B in foreign government debt. Apple's treasury holdings rose 87.9% Y/Y, easily surpassing the 49% increase seen in its asset base (exc. cash). Corporate securities rose 31.5%. [View news story]
    What is the core business of Apple?? Why should shareholders be happy with these investments? They can invest in all those securities themselves and don't need Apple to do it. If they have too much funds available, they 'd better buy back shares or paying dividends.
    Dec 30, 2012. 11:17 AM | 1 Like Like |Link to Comment
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