The hidden danger in Apple stock

Fortune

This article is published in cooperation with Money.com. The original version can be found here.

By S@susiepoppick

Investing in Apple Inc. [fortune-stock symbol= »AAPL »] today seems like a smart bet by many measures.

The company broke records for the most profits for any business in a single quarter—ever—earlier this year. With nearly $180 billion in cash, management has plenty of cushion against setbacks—like, say, if the new Apple Watch doesn’t sell as well as projected. And while Apple has been criticized for not sharing that cash with shareholders as much as peers like Microsoft Corp [fortune-stock symbol= »MSFT »] do, recent signals from company leaders suggest they may announce a hefty dividend hike as early as this month.

Certainly, there’s plenty of cause for investors to favor cash-rich companies like Apple, says Thomas McConville, co-portfolio manager of the Becker Value Equity fund, which holds Apple…

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