Yes, Jarrod, Apple does have $137.1 billion in liquid assetsMarch 5, 2013: 8:02 AM ET
Another day, another Apple-bashing headline on Seeking Alpha
FORTUNE -- When you write about Apple's (AAPL) finances for a living, your fingers can get tired of typing -- and your readers can get tired of reading -- "cash, cash equivalents and marketable securities" every time you want to refer to the company's hoard of liquid assets.
I try to be precise, but from time to time I spare my fingers -- and my readers -- and rely on the same shorthand used by everyone from CEO Tim Cook to hedge fund billionaire (and Apple litigant) David Einhorn, and I just write "cash."
But a sociologist turned occasional investor and Seeking Alpha contributor named Jarrod Jacinth has taken offense. On Monday he posted a story guaranteed to get the attention of Apple partisans and headline-reading hedge-fund algorithms:
I don't believe Jacinth's little exercise in financial pedantry -- or his risible contention that this is a reason Einhorn dropped his suit against Apple -- justifies the calumny heaped on him in the comment stream.
But I did get a kick out of the question someone posted on Investor Village's AAPL Sanity board:
"Does anyone really think that Apple has a Scrooge McDuck Money Vault somewhere in which Tim Cook can swim in $137 billion in cash?"
Below: Where Apple parks its "cash," courtesy of Asymco's Horace Dediu.