Sunday, March 24, 2013

AAPL,MSFT: "Here's a novel way to drive up a...

8:30 AM "Here's a novel way to drive up a company’s share price," writes the NYT's Jeff Sommer. "Pay billions of dollars in additional taxes." Forensic accountant Robert Olstein reckons that companies such as Apple (AAPL), Microsoft (MSFT) and Cisco (CSCO) should repatriate the tens of billions dollars they hold abroad, pay tax on it, and then use the rest of the cash to repurchase stock. That would boost their share prices by at least 20%. Read comments

AAPL price at time of publication: $461.91. Check AAPL price now »

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