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re: AAPL getting crunched this morning, down almost 6%

Posted on 9/12/13 at 8:51 am to
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 9/12/13 at 8:51 am to
So Benny...

I take it you are not as confident in Apple's market position, and you have balance sheet concerns as well?
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5607 posts
Posted on 9/12/13 at 9:37 am to
Market positions, yes. Balance sheet, no. It's pretty hard to have balance sheet concerns over a company with over $100B in cash and only $17B in debt.

The quip on their debt was mainly just to show market expectations compared to what they're currently priced at. I remember arguing with a poster that the +100 OAS they issued their 30's at was ridiculous, and apparently the market ended up agreeing over the past couple months.
This post was edited on 9/12/13 at 9:40 am
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