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  • therealheisenberg posted an update 1 week ago

    BBG, summarizing: Expect Apple to become net cash neutral and reduce its cash balance by $145b in 3 years, Loup Ventures’ Gene Munster writes in a note to clients. Believes AAPL will return $300b to investors in 3 years (cash from operations, plus cash draw down from balance sheet) and ~85% through buybacks. Shares should rise by 24% on lower share count and raised EPS