However, as a dispassionate observer with experience of past such glorious valuations, I will tell you: If I were an Apple shareholder I’d want a cash dividend.
If you are an Apple shareholder (and like Gruber, I am not), you want them to keep doing the same shit they’ve been doing for 10 years now. Why in the hell would you want them to change the game they are playing?
So you can rob them of one of the most insane safety nets in the history of capitalism for a relatively tiny payout per investor?
Part of me does take issue with the fact that Apple is “sitting” on such a large amount of cash when they could be investing and or innovating in other areas and further stimulating our economy. But the other (larger) side wants to let them do whatever the hell they want because thus far the results have simply been astounding. And I’m just a bystander here.