Apple Is Spending $90 Billion to Buy Back Its Stock: 3 Reasons Not to Follow Its Lead
(NASDAQ: AAPL) has become somewhat famous for its massive share repurchases, spending $85 billion over the past year buying back its stock.
Who am I to judge? You can do that when your business generates $100 billion in cash profits every year. Apple does it to lower the number of its outstanding shares and increase the value of its stock, benefiting shareholders.
But just because Apple is buying its stock doesn't mean you should. It's a great business, but the stock might not be ripe for the picking. Here are three reasons to pass on it.
Source Fool.com