If apple could profitably, if they could maintain that return on capital and tain all their earnings, we would not want them to pay dividend or buy back shares. If you look at i b m, i just stood a video on this last week, some one was asking about i b m. It hasn't a big dividend guild, but you look its return on capital, since two thousand 12, it is steadily eroded from 32 % down to likea seven%. So that is not a good sign, righty?

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