Today, for The Street, I wrote an article pointing out the list of companies I think could be next in line for a special dividend. On that list was ORCL, who just announced after the bell that theirs could be a special dividend. The companies I looked for were super stable, high market cap, low PE, and loaded with cash. Naturally, at the top of my list: AAPL
Take a look at how much cash per share the company is currently holding. It is an incredible amount of money that the company has on hand, and it represents a big portion of the stock's value. I think, as a company that is printing money right now, it is borderline irresponsible for the firm not to have some sort of special dividend.
Recently I came across the some chatter amoung some option students about Alpha. Not in the kind hedge funds generate to make the big dough but the more vanilla kind. This isn't the first go around, we have been getting these types of questions from our options mentorting students for some time.