What Can Tim Cook Do With Apple Inc. (AAPL)’s $137 Billion Cash Pile?

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Foolish bottom line

So what should shareholders hope to hear from management next April?

I’m rather indifferent to Apple Inc. (NASDAQ:AAPL)’s cash plan. As a general rule, I’m against large cash holdings because I fear management will squander it on overpriced acquisitions and frivolous side projects. But Apple has proven itself to be a good steward of shareholder capital. But if needed, excess cash should be returned ideally in the form of a share buyback.

The only thing I don’t want to hear are any mentions of big, bold acquisitions that typically destroy shareholder value. Yes, Apple Inc. (NASDAQ:AAPLcould buy Nintendo Co., Ltd (ADR) (PINK:NTDOY), Netflix, Inc. (NASDAQ:NFLX), The Walt Disney Company (NYSE:DIS), Twitter, or Intel Corporation (NASDAQ:INTC). But should they? How much wealth would that really create for shareholders?

The article What Can Tim Cook Do With Apple’s $137 Billion Cash Pile? originally appeared on Fool.com and is written by Robert Baillieul.

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