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Tuesday, October 2, 2012

Spouting Nonsense About Apple's Secret Hedge Fund

Spouting Nonsense About Apple's Secret Hedge Fund

Or as an alternative title, why you might want to be careful believing what Zero Hedge says about anything.
They’ve a piece up about Braeburn Capital, a small Nevada corporation. A small Nevada corporation which is also used to manage Apple‘s vast and rapidly growing cash pile. All that money they’re making from selling iPhones and iPads but which they’re not (at least as yet are not) handing out to the shareholders in dividends.

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