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Groups > comp.os.linux.advocacy > #289164

Re: It was bound to happen sooner or later

From DFS <nospam@dfs.com>
Newsgroups comp.os.linux.advocacy
Subject Re: It was bound to happen sooner or later
Date 2015-04-11 22:00 -0400
Organization A noiseless patient Spider
Message-ID <mgcjhr$7tu$2@dont-email.me> (permalink)
References (3 earlier) <bghvur80.ra0@rooftop.invalid> <mgb69g$h0h$1@dont-email.me> <jgnvmb83.gkjd@rooftop.invalid> <mgbhjo$qag$4@dont-email.me> <hgbvndu93.jig3@rooftop.invalid>

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On 4/11/2015 12:58 PM, owl wrote:
> DFS <nospam@dfs.com> wrote:
>> On 4/11/2015 10:45 AM, owl wrote:
>
>>> A company is truly only worth its net worth: assets - liabilities.  The
>>> stock market is just respectable a means of gambling and has no relevance
>>> the value of a company.  If I decide to buy Apple one day, there's no
>>> way I'm paying $740 billion for a company that has a net worth of $178
>>> billion.
>
>> Put your thinking cap on: if you owned a company with a market cap of
>> $740B you'd be an absolute owl to sell it for substantially less, let
>> alone for the tiny book value of $178B.
>
> $740 billion market cap would be great if I had bought in in 1980 and
> were wanting to sell shares today.  If i'm wanting to buy the whole
> company today, it would cost me $740 billion, and once I bought it,
> market cap would be meaningless, or rather it would just mean "what
> I paid for the company."  I would be left holding a company with a net
> worth of $178 billion, for which I had paid $740 billion.  Not good.
> Hell, even without considering liabilities, the total value of Apples
> assets -- everything they own and all their cash in the bank -- is
> only worth $261 billion according to latest quarterly balance sheet.
> And their cash in the bank is $19.48 billion, so I don't know where all
> this "Apple is sitting on hundreds of billions in cash" stuff comes from.


That's the market value of the cash, cash equivalents, and marketable 
securities they hold.

Dec 27, 2014

Cash and cash equivalents         $ 19.478B
Short-term marketable securities  $ 12.985B
Long-term marketable securities   $145,492B

Total                             $177,955B

http://investor.apple.com/secfiling.cfm?filingID=1193125-15-23697&CIK=320193



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Thread

It was bound to happen sooner or later "Ezekiel" <zeke@nosuchemail.com> - 2015-04-10 16:12 -0400
  Re: It was bound to happen sooner or later Tomas <tgif9fri@numo.net> - 2015-04-10 16:15 -0400
    Re: It was bound to happen sooner or later "Ezekiel" <zeke@nosuchemail.com> - 2015-04-10 16:29 -0400
      Re: It was bound to happen sooner or later Tomas <tgif9fri@numo.net> - 2015-04-10 17:20 -0400
  Re: It was bound to happen sooner or later Steve Carroll <fretwizzer@gmail.com> - 2015-04-10 13:33 -0700
  Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-10 22:07 +0000
    Re: It was bound to happen sooner or later "Ezekiel" <zeke@nosuchemail.com> - 2015-04-10 19:20 -0400
      Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-11 00:19 +0000
        Re: It was bound to happen sooner or later "Ezekiel" <zeke@nosuchemail.com> - 2015-04-11 09:08 -0400
          Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-11 14:45 +0000
            Re: It was bound to happen sooner or later DFS <nospam@dfs.com> - 2015-04-11 12:21 -0400
              Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-11 16:58 +0000
                Re: It was bound to happen sooner or later DFS <nospam@dfs.com> - 2015-04-11 22:00 -0400
            Re: It was bound to happen sooner or later Steve Carroll <fretwizzer@gmail.com> - 2015-04-11 09:43 -0700
              Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-11 17:17 +0000
                Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-11 17:20 +0000
                Re: It was bound to happen sooner or later Steve Carroll <fretwizzer@gmail.com> - 2015-04-11 11:58 -0700
                Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-11 20:02 +0000
                Re: It was bound to happen sooner or later Steve Carroll <fretwizzer@gmail.com> - 2015-04-11 13:56 -0700
                Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-11 21:48 +0000
            Re: It was bound to happen sooner or later "Ezekiel" <zeke@nosuchemail.com> - 2015-04-13 14:01 -0400
              Re: It was bound to happen sooner or later Snit <usenet@gallopinginsanity.com> - 2015-04-13 11:21 -0700
              Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-13 19:24 +0000
                Re: It was bound to happen sooner or later "Ezekiel" <zeke@nosuchemail.com> - 2015-04-13 16:04 -0400
                Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-13 20:35 +0000
                Re: It was bound to happen sooner or later Steve Carroll <fretwizzer@gmail.com> - 2015-04-13 14:13 -0700
                Re: It was bound to happen sooner or later owl <owl@rooftop.invalid> - 2015-04-13 21:52 +0000
              How many barrels of oil will the stock produce ? Jeff-Relf.Me <@.> - 2015-04-13 23:42 -0700
                Re: How many barrels of oil will the stock produce ? "Ezekiel" <zeke@nosuchemail.com> - 2015-04-14 13:37 -0400
                How many barrels of oil will the stock produce ? Jeff-Relf.Me <@.> - 2015-04-14 10:55 -0700
                Re: How many barrels of oil will the stock produce ? "Ezekiel" <zeke@nosuchemail.com> - 2015-04-14 15:20 -0400

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