Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

Carl Icahn Buys $500 Million More in Apple Shares Following Earnings Dip

MacRumors

MacRumors

macrumors bot
Original poster
Apr 12, 2001
63,506
30,781



carl_icahn_potrait-250x379.jpg
Activist investor Carl Icahn revealed this morning that he has purchased an additional $500 million in Apple shares following Wall Street's disappointment with the company's earnings announcement yesterday.

Apple's share price closed at $550 yesterday, before falling as low as $503 at open this morning.

Just last week, Icahn announced that his share in Apple had passed $3 billion, then a day later he purchased another $500 million, and now, with the addition of today's shares, Icahn now owns somewhere in excess of $4 billion in Apple, nearly 1% of the company.

Icahn has repeatedly pushed Apple to increase buyback of its own shares and yesterday's news that the company has increased its cash on hand to more than $158 billion will likely have Icahn reiterating that demand.

Only 22 percent of Apple's cash -- some $34.4 billion -- is located in the United States. The remaining $124.4 billion is located offshore, and Apple would need to pay significant amounts of corporate income tax if it were to bring that money back to the States for a share repurchase.

Apple and several other tech companies have been active in lobbying the Government to allow companies to bring cash back to the United States as part of a one-year "tax holiday".

Just bought $500 mln more $AAPL shares. My buying seems to be going neck-and-neck with Apple s buyback program, but hope they win that race. - Carl Icahn (@Carl_C_Icahn) January 28, 2014
Click to expand...

Article Link: Carl Icahn Buys $500 Million More in Apple Shares Following Earnings Dip
 
Article Link
https://www.macrumors.com/2014/01/28/icahn-buys-more-shares/
Z

Z400Racer37

macrumors 6502a
Feb 7, 2011
711
1,664
Everybody is talking about how this guy is so smart and that he says it is undervalued. While I agree that it is undervalued, where the heck was he at $80 and why do we pretend that he knows so much when he missed it back then??
 
KazKam

KazKam

macrumors 6502
Oct 25, 2011
496
1,687
I honestly don't even pretend to understand what this guy's agenda or strategy is. But I do know he creeps me out, and it isn't just that photo.

I'm fairly sure that whatever he is up to is going to somehow tarnish or injure our beloved Apple.
 
M

MordechaiCarver

macrumors member
Nov 3, 2011
42
5
Denver, CO
Seriously, I don't know why anyone listens to this guy. Apple sure doesn't. He's the original Wall Street troller. He says "Oh, Apple should buy back more stock and I'm gonna write a letter.", which drives the price up, then buys more stock. All to benefit him. Can't everyone see that? Who cares what he "says" he's going to do (in regards to buying more stock)? Just do it and not publicize it.
 
street.cory

street.cory

macrumors 6502
Oct 13, 2009
379
168
Every freaking time. Every single freaking time this Carl Icahn picture finds its way on this website and it just sits there giving me this stupid look
 
Doomtomb

Doomtomb

macrumors 6502a
Jul 14, 2011
654
1,094
Austin, TX
Bill Gates should invest all his money in Apple stock then force them to listen to him. I'd rather have him than this guy telling Apple what to do.
 
BJMRamage

BJMRamage

macrumors 68030
Oct 2, 2007
2,713
1,233
that guy (and photo) creeps me out!!!

Sounds like he wants Apple to pay up...then continues to buy more and more and "force" them to pay him.
 
T

thasan

macrumors 65816
Oct 19, 2007
1,104
1,031
Germany
MacRumors said:
[url=http://cdn.macrumors.com/im/macrumorsthreadlogodarkd.png]Image[/url]


Activist investor Carl Icahn revealed this morning that he has purchased an additional $500 million in Apple shares following Wall Street's disappointment with the company's earnings announcement yesterday.

Apple's share price closed at $550 yesterday, before falling as low as $503 at open this morning.

Just last week, Icahn announced that his share in Apple had passed $3 billion, then a day later he purchased another $500 million, and now, with the addition of today's shares, Icahn now owns somewhere in excess of $4 billion in Apple, nearly 1% of the company.

Icahn has repeatedly pushed Apple to increase buyback of its own shares and yesterday's news that the company has increased its cash on hand to more than $158 billion will likely have Icahn reiterating that demand.

Only 22 percent of Apple's cash -- some $34.4 billion -- is located in the United States. The remaining $124.4 billion is located offshore, and Apple would need to pay significant amounts of corporate income tax if it were to bring that money back to the States for a share repurchase.

Apple and several other tech companies have been active in lobbying the Government to allow companies to bring cash back to the United States as part of a one-year "tax holiday".

​

Article Link: Carl Icahn Buys $500 Million More in Apple Shares Following Earnings Dip
Click to expand...

pls pls pls pls mods....can you pls use this image instead?

http://blog.tactus.com/wp-content/uploads/2013/10/131031-Icahn.png
 

Attachments

  • 131031-Icahn.png
    131031-Icahn.png
    211 KB · Views: 212
ArtOfWarfare

ArtOfWarfare

macrumors G3
Nov 26, 2007
9,559
6,059
Does Carl Icahn own 1% of Apple or does Apple own 20% of Carl Icahn? His net worth is only $20B. If It turns out he's wrong and Apple sinks (he's probably not wrong - certainly not this wrong) down to nothing, then suddenly Carl Icahn only has 80% as much money as he had before.

Just a different spin on the concept of ownership.
 
  • Like
Reactions: Naaaaak
iZac

iZac

macrumors 68030
Apr 28, 2003
2,593
2,776
UK
just one of many possible outcomes to this:

Man very publicly invests $4,000,000,000 in company, with suggested incentive of major stock buyback.

Hundreds of thousands of small investors follow suit and jump on the stock.

Stock rises.

Man sells everything at significant profit.

Stock plummets.

Everyone else loses.
 
P

ProVideo

macrumors 6502
Jun 28, 2011
497
688
Is there anyway Apple can bar him from buying more shares and/or buy back all his current shares and tell him to go **** himself?
 
Last edited:
R

Ryth

macrumors 68000
Apr 21, 2011
1,591
157
OldSchoolMacGuy said:
For someone that keeps trash talking how Apple is run, he sure keeps investing in them.
Click to expand...

If I had the money I would also.

This company is one of the only sure things when it comes to tech for the next 5-10 years. Every other tech company is dying. Sony, Microsoft, Dell, Samsung, etc are all seeing massive declines.

There is a disconnect with WS and Apple. If this was any other company with these earnings over and over, which no other company has ever done, their stock would be through the roof.

I mean, there isn't ANYTHING Apple can do about analysts over-predicting and getting it wrong. But instead Apple is punished for people who are too stupid at their job.
 
P

pcconvert

macrumors member
Oct 24, 2008
69
0
that's what's wrong with monetary system and stock market. He is not buying using his own funds, he do that on margin and borrows the funds. He gambles. With borrowed funds. A single guy gambles 500k x $500 = $250 mil. Two days ago another $275 mil. $0.5B for single title over past week. A single guy. So, basically, if one old man will get a change of mind or will fall in love with prostitute he can wreak havoc over financial markets.
 
giantfan1224

giantfan1224

macrumors 6502a
Mar 9, 2012
870
1,115
MacRumors should just rubber stamp the first page of comments every time they run an article about Icahn.
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom