Does Apple Inc. (AAPL) Have Too Much Money?

Why you should care
Ultimately, I agree with the position taken by Fool analyst Andrew Tonner, who believes that while Einhorn’s suggestion is unlikely to carry the day, it calls attention to how favorably priced the stock is at current levels. The company is one big product away from rocketing back to greatness and a significantly higher stock price. Even if that product does not come, or is slow to, the company is sitting on so much cash that it is hard not to like your chances with the name anyway.

Even with the late-day pop, the stock carries a 2.3% dividend yield, a P/E ratio of 10.6 and the title of largest technology company on earth. With the strong cash flow data, a huge correction under its belt, and no lack of upside, Apple shares look attractive.

The article Does Apple Have Too Much Money? originally appeared on Fool.com and is written by Doug Ehrman.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.