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Apple will use its $163b cash balance for stock buybacks and dividends (sorry job-seekers!)

Posted by: slipping jimmy (a.k.a mickpix) on Feb 01, 23:35 in response to slipping jimmy's post Whirlpool rewarding its Michigan employees with layoffs...

http://appleinsider.com/articles/18/02/01/apple-aims-to-reduce-163b-net-cash-balance-to-approximately-zero-hints-at-investments-and-ma

Whirlpool rewarding its Michigan employees with layoffs after tariffs and corporate tax cuts slipping jimmy Feb 01, 20:27

Apple will use its $163b cash balance for stock buybacks and dividends (sorry job-seekers!) slipping jimmy Feb 01, 23:35

This one hurts, as it’s my town. WP employees are a huge chunk of our business, plus everyone has a family member who works there {nm} islndr Feb 02, 06:35

Exactly why tariff was needed. Whirlpool cost cutting due to previous poor performance. They believe tariff will help them rebound. . {nm} PhoneHome Feb 02, 06:50

except not really. 4Q revenue of 5.66B (more than forecast), profit of $180M. But it shows the sham of marketplace: because per share islndr Feb 02, 07:05

Whirlpool has not participated in Trump Mkt. Dow up 31% since 12/1/16. Whirlpool slightly down to even. Poor performance relative to market. {nm} PhoneHome Feb 02, 07:19

ok, yes as i looked closer. (article i had was more about growth right after election. wp was up nicely until downturn late summer) {nm} islndr Feb 02, 07:32

Regardless, you get winners and lowers out of tariffs, and the losers always outweigh the winners. RogerMore Feb 02, 08:03

Your town has a right to be frustrated though. Hopefully, the tariff will help. My point was to Jimmy-intimating nonexistent cause & effect. {nm} PhoneHome Feb 02, 09:50

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