NewsFeeder
12-27-2018, 06:40 PM
[$$] The Investment That Cost Apple $9 Billion in 2018
Apple Inc. has lost more than $9 billion this year on an underperforming investment—its own stock. Like many large companies, Apple has used much of its windfall from the 2017 tax overhaul to buy back shares. Apple and companies including Wells Fargo & Co., Citigroup Inc. and Applied Materials Inc. repurchased their own shares at rich prices, only to see their value decline sharply.
https://finance.yahoo.com/m/5ccc2048-3728-3dea-8ef0-3ea2e6fc97a7/%5B%24%24%5D-the-investment-that-cost.html?.tsrc=rss
Apple Inc. has lost more than $9 billion this year on an underperforming investment—its own stock. Like many large companies, Apple has used much of its windfall from the 2017 tax overhaul to buy back shares. Apple and companies including Wells Fargo & Co., Citigroup Inc. and Applied Materials Inc. repurchased their own shares at rich prices, only to see their value decline sharply.
https://finance.yahoo.com/m/5ccc2048-3728-3dea-8ef0-3ea2e6fc97a7/%5B%24%24%5D-the-investment-that-cost.html?.tsrc=rss