Funneling $90 billion into market liquidity makes bankers and institutional investors happy. It certainly seems like a company with the resources of apple and 90 billion in “excess cash” could invest in R&D, reinvent the wheel, or any number of world changing alternatives. Throwing the money back to the stock market is a lack of creativity.

The USA will end never enjoy a celebration like that, where the whole country is focused on and supporting a singular championship event. Sure some day the NY Jets might win the super bowl and parts of NY will erupt, but the rest of the country will be feeling meh… I’m jealous for the experience. Next World Cup, I’ll have to travel to one of countries in the finals and hope I pick the winning side.

Back out the non cash amortization and depreciation and they made $80 million.