In its annual meeting is like concealed, the price of the stock on the decline, apple is facing from an influential investors hope the company stop hoarding cash, and to its shareholders, not revolt.
Green capital, said on Thursday that it was in New York federal court apple's advice, make it more difficult to issue preferred stock. , who is responsible for investment funds, David ai for HuoEnShui, the proposal will be closed a way, apple more cash returns to shareholders.
Preferred stock is designed for the company to provide fixed income, a way of shareholders. It is different from common stock, generally do not allow the normal flow of income, but the company's long-term development is a bet.
Apple is still the world's most valuable company, but since September, the price of the stock has lost 35% of its value, because it has become apparent that a fast growth slowed in. The company is unbelievable profits, Wall Street hope to share the money the company and shareholders, not eating every day the low income of the bank account.
"Apple $145 per share cash, its balance sheet as a shareholder, this is your money, ai for HuoEnShui:" in the letter. He openly criticized the company's history, are often in short their stocks.
In a statement on Thursday, apple says, its management and the board of directors continue to "positive discussion" what to do with money, it will take for ai's advice to consider.
It's $137 billion cash to make up for the apple's stock market value nearly a third. California Cupertino company stock market price of $456.95 in the evening, from Wednesday's closing rose $2.25, or 0.5%.
Enterprise does not usually hoarding cash apple way. They have on hand to keep enough urgent need, whether investment, the rest of the business or give it to shareholders in the form of dividends or stock repurchase. If they need more cash, acquisition, say they borrowed.
Ai for horm told CNBC on Thursday, apple is like his grandmother "los this", who grew up in the great depression. Experience of financial trauma, he said: "sometimes think they can never have enough cash."
In order to save money, los this already very carefully, because HuoEnShui ai, she never left his answering machine attention, she will pay for the call of the news.
Because ai's criticism, suggesting that apple of hard years, in the 90 s. Former CEO Steve jobs came to this experience is very tight hold the company's purse. The apple never explain the reason other than cash hoarding of said, this is to keep its choice. His death in since October 2011, apple has begun paying quarterly dividend of $2.65 per share, and began to repurchase shares.
Analysts said that the company should do more, if it to attract investors, the stock. Nomura Securities (Nomura Securities) calculation Jeffrey Stewart, apple will add to $13.7 billion us dollars, now it's another $10.3 billion over three years, but it only to return to us $4.5 billion, the $240 million total cash to shareholders.
Wall Street no complaining a lot about apple's stock policy, until its income growth began to slow. In the recent holiday quarter, apple's revenue increased by 18% from a year ago - a very good figure, the scale of the company, but a far cry 50%, plus increased it has often introduced in 2007 by the first generation since the iPhone. Since the iPad in 2010, apple has not launch a breakthrough new products, the company was forced to expand existing product appeal to achieve growth.
Analysts say economic growth has scare away investors focus on fast-growing company, relatively small dividend is refers to the regular income investors, company and didn't get much respect.
Green, 1.3 million apple stock, about $600 million worth of shareholders since 2010, apple hope to create a kind of preferred stock, higher dividend, and to the existing shareholders. In this way, he thought, the company will attract value investors and those who is to circumvent the risk.
Ai for HuoEnShui, his company has been talking to the apple in the past few months to create new shares category. He said, apple refused to ideas in September. The company currently has no issue preferred stock. February 27 in its annual meeting, the plan calls for shareholders approved measures, it will force the board of directors for approval of the shareholders' meeting before issue preferred stock.
Apple in the submitted to the securities and exchange commission agency said in a statement, the board of directors don't plan in the future issue preferred stock, and that it is "appropriate", in order to eliminate the possibility of its charter.
Green urged apple shareholders voted against the proposal. In the course of an action, it says, this proposal beam three different Suggestions, SEC for separation, so shareholders can every vote.
In the statement, apple said, even if the bill passed, it still can use the concept of green light and issued preferred stock.
Apple in the side of the at least one major shareholders. California public employees' retirement system, is the nation's largest pension funds in the United States securities and exchange commission for the record said Monday, will vote for apple's advice, this will also allow shareholders to director. California civil service pension fund has 2.7 million shares of apple for nearly three times as many as green.



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