Deals
Apple May Return Cash in First Half 2013, Gamco Says: Tom Keene
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Apple Inc. may announce it will return cash to shareholders before the second half of this year as the company’s shares decline, said Lawrence Haverty, a portfolio manager at Gamco Investors Inc.
“My guess is it will be before June 30,” Haverty said on Bloomberg Television’s “Surveillance.” “The pressure is just increasing because last week we had 700 stocks -- an incredibly broad market -- in the new high list in the New York Stock Exchange and here is Apple crashing into the new low list. Something is going to happen. It just has to.”