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A comment on A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point. Parent comment

Re:A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point by sharemywin on Thursday September 01, 2016 @09:33AM (#12405081)
Apple has a big pile of cash from not paying taxes and they don't know what to do with it anyway. That's why their stock didn't move much because large pile of cash(tax shelter cash) - 15B still equals large pile of cash doing nothing for investors.
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Re:A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point by bko on Thursday September 01, 2016 @09:46AM (#12405180)
The value of that cash is baked into the stock price. It's tied up for now but investors have some expectation that they will ultimately benefit from the cash. Right now I believe they are using that money as collateral for debt which is being used to pay dividends.

I can't spell out exactly how this will impact debt and equity valuations but to assume that a $14 billion tax hit will have no impact whatsoever is a bit naive.

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Re:A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point by sharemywin on Friday September 02, 2016 @10:44PM (#12417474)
it's P/E is 12 how much lower would it go?
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