Decoding Apple's Spread Sheet

BA 101 Decoding Apple’s Balance Sheets
By

    Apple is the largest technology firm in the world, with annual revenue of over 60 million.   Apple currently is the world’s second largest company behind Exxon Mobil.   International sales accounted for 46 percent of the quarter’s revenue.   There is a lot of information available to investors who are interested in investing in a company.   By looking specifically at the balance sheet of Apple to determine if investing in Apple is a good or bad idea.   Things to consider are Apple’s assets, liabilities and shareholder’s equity.
    Savor the moment, but don’t get complacent.   Apple shareholders have 7 reasons to be concerned and one thing to get you out:
  * Apple’s good-but not   that good
  * Apple fatigue
  * The share price
  * Steve Job’s ego
  * The cellular networks
  * Apple backlash
  * Steve Job’s health
Some of these are issues that could erupt into problems quickly. Others, if they do emerge would take more time.   But if you’re a nervous Apple investor, what are your alternatives?  
You could sell and gain some profits.   But if you don’t want to get off this money train just quite yet, here’s another option: you could buy insurance using “put” option.   These pay out if the stock falls, and it will fall.   So for $19 you can buy $200 puts, good until January 2012. These will limit you downside on the stock to $200. But if Apple keeps booming upwards, all you can lose is the $19.
    Management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company’s operating results, as well as when forecasting and analyzing future periods.
    Apple does not offer a direct purchase program for it’s shareholders.   Apple does not have a Dividend Reinvestment Program (DRIP).   Apple does not currently pay dividends on its common stock.   Apple paid dividends from June 15, 1985 to December 15, 1995.   Apple common shares are traded...