Chasing Value: Apple $50 Billion + $484 Million

Filed under: Rants and Raves, Apple Inc (AAPL), Exxon Mobil (XOM), Market Matters, Chasing Value[TM]

Each day that passed in the third quarter added about $22 million to the Apple Inc. (AAPL) cash stash. Ironically we are 22 days into the fourth quarter. That means Apple has added in the neighborhood of $484 million more to what is an ever increasing percentage of the company.

The company's capitalization stands $282 billion.The cash is a drag on earnings. At the end of Q3 it equaled almost 18% of the value of the company. Considering it is the second largest company behind Exxon Mobil (XOM), for now, the bigger it gets, the more it resembles an anchor and not a safety net.

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Chasing Value: Apple $50 Billion + $484 Million originally appeared on BloggingStocks on Fri, 22 Oct 2010 16:30:00 EST. Please see our terms for use of feeds.

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