Apple has "a history of dismissing investors' interests" in using its cash on hand, Karen Finerman of Metropolitan Capital Advisors said Tuesday.
On "Fast Money," Finerman noted Apple's repeated announcements that it would keep its cash balance to explore possibilities in the event they were to arise, most recently in 2010 and 2012. Even then, the cash on hand Apple held was being returned to shareholders more slowly than it was amassing it, she said.
"This company has a history of dismissing shareholders' interests in what to do with the cash," she said.
Finerman said she sided with activist investor David Einhorn of Greenlight Capital in his effort to force Apple to issue preferred stock or return its cash on hand to shareholders.
Regarding the possibility of a stock split from Apple, which holds its annual shareholder meeting on Wednesday, StockMonster's Guy Adami wasn't a fan of the idea.
"And what would that do? I don't think it's bullish per se," he said. "Does it address the problems they're facing?"
Adami added, "What do they see that the rest of us don't see?"
Still, he wasn't a buyer, saying that he believed the stock would see "one more flush to the downside."
Trader disclosure: On Feb. 26, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is short SPY; Karen Finerman is short IWM; Keith McCullough is long TLT; Keith McCullough is long XLF; Dan Nathan is long BBRY MARCH/APRIL 14 PUT SPREAD; Dan Nathan is long XHB APR 27/25; PUT SPREAD; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU.