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Re:Fed Prints Another $205B This Week, M2 Growing at Fastest... by throw0101a on Saturday April 25, 2020 @09:51AM (#22978094)
A poorly managed company can spend money internally on inappropriate things as well. It's not like IBM doesn't spend on R&D:

* https://www.macrotrends.net/stocks/charts/IBM/ibm/research-d...

AAPL spends on R&D, and dividends, and buybacks.

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