It's easy to say 'you should be investing that capital into projects.'
But I think people don't realize how much money is actually generated by some of these companies.
I know AAPL is the strongest possible case for my argument, but bear with me.
Their operating cash flow net of CAPEX is ~$65B as of their 2018 year ending in September. I.e., after paying for all of the investments they want to make, they still have $65B in straight up cash left over.
I mean -- what are you supposed to do with all of that?