The company has a current net cash position of just over $ 5 billion, putting its earnings multiple less cash at about 15 times forward earnings estimates. (thecollegeinvestor.com)
We are pleased that Apple has directionally followed our advice and repurchased $ 80 billion of its shares (yielding the company's shareholders an excellent return), but the company's enormous net cash position continues to grow while the company's shares are still dramatically undervalued. (carlicahn.com)