Apple Benefits From Cash Allocation Talks, But It Still Needs A Better China Strategy
by Trefis
Fresh speculations surrounding the possibility of Apple (AAPL) returning more cash back to shareholders have emerged recently, infusing the company’s battered stock with some life. Apple’s shares rose almost 4% over the past couple of days after the company issued a statement Thursday, seeking to clarify David Einhorn’s allegations about a proposed elimination of preferred stock from its charter. The company said that the proposal, which is up for vote at a shareholder meeting February 27, doesn’t preclude the issuance of preferred stock in the future, but merely requires shareholder approval to do so. Further, Apple added that its management has been in active discussions about ways to increase capital allocation to shareholders. read more »
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