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

Carl Icahn Abandons Push for Apple to Boost Stock Buyback

Gudi said:
Yes, there is still another $18b stock buyback planned for the rest of the fiscal year 2014. So Icahn can hope for another –$64 fall and +$32 gain. Is it that what he wants?
Click to expand...

If the direct result of the $14 billion buyback was a net -$25 on the stock price then I would agree with you. However there are a lot more factors at play, which I suspect you already know.
 
Power play games.

He wanted $150b and was told no.

He said ok, $50b and was told no.

We will give you $14b for now and possibly som more later.
 
You will pay the price for your lack of vision.
 

Attachments

  • emperor-iCahn.jpg
    emperor-iCahn.jpg
    16 KB · Views: 108
Well it's clear he plans to stick around a little longer for Apple's share price to increase after new products wow everyone again.
 
iCahn is nothing more than a bully

He cares only about himself. It should be illegal to do what he does, muscle around his wealth, to try to make a quick buck at the expense of long term company and shareholder health.
 
sportsfan said:
He cares only about himself. It should be illegal to do what he does, muscle around his wealth, to try to make a quick buck at the expense of long term company and shareholder health.
Click to expand...

Carl Icahn is a business man and a shareholder of Apple...his goals are (1) Bolster the share value by a certain percentage of COH. This is a short and long term strategy. (2) By buying back stock, Apple becomes stronger against any takeover efforts and allows them to pursue their business goals from a place of strength.

Both of these things will mean more business, more profit and a larger economy for those that work in and around the Apple business plan, which includes Apple Employees, the thousands of 3rd party Apple Developers (me included) and all the consumers that use and enjoy the products produced by Apple.

If it weren't for people like Mr. Icahn that "...try to make a quick buck...", there might not be an Apple, Inc (Formerly Apple Computer), in the first place.
 
tmaxxtigger said:
Yay, different picture, although it's only a slight improvement!!
Click to expand...

Carl doesn't have long for this world. When the media stops showing ten year old photos of these investors people should realize the desparate attempt at being the wealthiest man in the cemetery seems to be their only goal in life.
 
akm3 said:
Picture caption:

"So be it. If you will not be turned to the dark side, then you shall DIE!" (photoshop in some lightning from fingers)
Click to expand...

Really? Does he look like the type who would shoot lightning at someone? :D

emperor_carl.png
 
He's just a bully-a rich bully, but a bully nonetheless who has made his billions by doing this sort of stuff. I respect him for that part (making billions by being savvy about how to work the market), but now anymore he just gets his jollies knowing he can bully corporations because of his vast wealth and influence, for the sake of doing it.
 
For the two or three of us who actually care:

"Shareholders may wish to support the current proposal, at least in part, to signal to the board their sense of urgency about the lack of resolution on this issue of excess cash," ISS wrote. "At the same time, however, the board has taken clear and strong measures in the past two years—including establishing (and then increasing) a significant dividend, authorizing (and then increasing) a sizable share buyback, and creating a cadence of annual communication to investors about additional measures it will take."

But ISS didn't let Apple off the hook entirely, noting Mr. Icahn's proposal was the second activist attempt to get Apple to return more of its cash to shareholders, and describing the company's buybacks as "a little like bailing with a leaky bucket."
Click to expand...

http://online.wsj.com/news/articles...0001424052702303874504579373443507730608.html
 
codewrangler said:
Carl Icahn is a business man and a shareholder of Apple...his goals are (1) Bolster the share value by a certain percentage of COH. This is a short and long term strategy. (2) By buying back stock, Apple becomes stronger against any takeover efforts and allows them to pursue their business goals from a place of strength.

Both of these things will mean more business, more profit and a larger economy for those that work in and around the Apple business plan, which includes Apple Employees, the thousands of 3rd party Apple Developers (me included) and all the consumers that use and enjoy the products produced by Apple.

If it weren't for people like Mr. Icahn that "...try to make a quick buck...", there might not be an Apple, Inc (Formerly Apple Computer), in the first place.
Click to expand...

Do you even know Icahn's history?
 
I seriously wonder how many stocks Apple would have to buy back to be "enough" for him?

Also, does anyone really know whether he's just a pump & dump share holder or something else?
 
guzhogi said:
I seriously wonder how many stocks Apple would have to buy back to be "enough" for him?

Also, does anyone really know whether he's just a pump & dump share holder or something else?
Click to expand...

He proposed an additional $50B buyback (not a number of shares, nobody does that), but has declared himself satisfied with Apple's current approach.

"Pump and dump" is a felony, and a very specific crime at that. People who throw this term around loosely to describe any investor should look it up first, so at least they will know what crime they are accusing someone of committing.
 
IJ Reilly said:
He proposed an additional $50B buyback (not a number of shares, nobody does that), but has declared himself satisfied with Apple's current approach.

"Pump and dump" is a felony, and a very specific crime at that. People who throw this term around loosely to describe any investor should look it up first, so at least they will know what crime they are accusing someone of committing.
Click to expand...

A lot of accusations are thrown around these boards with nothing to support them. I'm still waiting for details on ChrisCW11's ideas of a "scheme" that has prompted Icahn to now be quiet about the buyback.
 
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
Back