Will Apple soon start sharing its cash pile with shareholders? Chatter on the Street has been growing over the past several weeks that it will.
Fast trader Karen Finerman was among the first to make the call.
On October 20th a fired up Finerman said, “I think Apple has done a horrific job as allocators of capital. Their cash hoard - it’s a crescendo of ridiculousness at $81 billion dollars. That is just an absurd amount of money, it belongs to the shareholders. This isn’t a wild leap!”
Since that time a growing chorus on the Street have echoed Finerman's sentiments.
And now the Wall Street Journal reports that Apple is listening – they say a dividend or buyback is on the horizon. And so does top Jefferies analyst Peter Misek.
”We expect Apple to issue dividend and or buyback by the middle of next year,” he says on Fast Money. “We put the odds at 90% that by the middle of next year, they return cash.”
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Trader disclosure: On Nov 2, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour is long BAC; Seymour is long INTC; Adami Owns AGU; Adami Owns C; Adami Owns GS; Adami Owns INTC; Adami Owns MSFT; Adami Owns NUE; Adami Owns BTU; Terranova is long IBM; Terranova is long AAPL; Terranova is long CF; Terranova is long AKAM; Terranova is long CNQ; Terranova is long AXP; Terranova is long MUB; Finerman owns AAPL; Finerman owns BAC; Finerman owns MSFT; Finerman owns GOOG; Finerman’s firm owns AAPL short calls; Finerman’s firm owns JPM; Finerman’s firm owns YHOO short calls; Finerman’s firm owns IBM short calls; Finerman’s firm owns MSFT; J. Najarian is long DB; J. Najarian is long CBOE; J. Najarian is long CME; J. Najarian is long CIGX; J. Najarian is long MDR; J. Najarian is long MSFT; J. Najarian is long AKAM call spreads; Stutland is short AAPL puts; Stutland is long MSFT corporate bonds; Stutland is short goog put spread; Stutland is short gld puts and long call spread; Stutland is short TLT puts; Stutland is long stock and short calls INTC; Stutland is long corporate Banking sector bonds
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