Just wondering if investing in a very cash rich company eg apple is somewhat akin to buy FI? They have tons of cash and I would assume are paying smart people to investing in CPs, CDs etc at these better rates. Would we expect them to start making significant amounts through interest? I would think that 5-7% on their cash reserves would be more income than most companies have.
Appreciate it’s a stock at the end of the day and likely I’ll get replies like “they could make more when interest rates were low and they sold more products”. This is more for discussions sake. Thanks.
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