Apple Computer replacing AT&T in the Dow Jones Industrial Average**

[JohnnyBeeDawg]

*

 

[ACSDawg]

DJIA still exists? Who knew

still a pointless indices. Shoulda punted IBM instead.

 

[special]

WGAS

 

[ZosoDawg]

Probably AT&T. Just guessing**


nm

 

[Koogan]

Makes sense...world's largest market cap *

.

 

[special]

Re: Probably AT&T. Just guessing**

True. However the list is pretty short.

 

[JohnnyBeeDawg]

Lol. Just 2 of the most widely held companies in the world

So the list of people who GAS is only a few million long.

 

[special]

Re: Lol. Just 2 of the most widely held companies in the world

I have already read Market Watch this morning. Would say just pulling your leg. But only commoners know what that means.

 

[ACSDawg]

ATT has a market cap of $176B. AAPL has $178B....in cash. Crazy!**

33

 

[JohnnyBeeDawg]

Why is that crazy?

And why is the Dow index pointless?

 

[ZosoDawg]

I'll tell you what is crazy. Apple has all that cash in the bank

outside of the U.S. and operates day to day on billions they get in the form of loans. It is cheaper for them to pay back the loan plus interest rather than bring their money home and let the government tax it.

 

[ACSDawg]

Re: Why is that crazy?

Having enough cash to buy Disney. Or having enough cash to buy Amazon AND Netflix. And basically amassing all this cash in the last ~8 years.

DJIA is pointless because it's price weighted. Not to mention not being made up of industrials, either.

 

[ACSDawg]

And...

When AAPL goes into the Dow it will have less than half the impact of Visa even though it's 12x larger by market cap.

Stupid index.

 

[BulldogPaulUGA]

http://www.marketwatch.com/story/atts-stock-could-beat-apples-now-that-its-out-of-the-dow-2015-03-06