I was wondering about this very relationship the last time ole Carl was on an exhibitionist stock buy.
I'm glad you put that in perspective, thanks.
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Carl Icahn Buys $500 Million More in Apple Shares Following Earnings Dip
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I was wondering about this very relationship the last time ole Carl was on an exhibitionist stock buy.
I'm glad you put that in perspective, thanks.
Believe it or not that is is "official" picture. He even uses it on Twitter. It's like a modern day "Emperors New Clothes". Someone told him that was a great picture as a joke and he believed it.
But I have no grudge against Icahn gobbling up more AAPL. The value is there and maybe it will put a fire under Cook's arse to get the share price up. If not Icahn is going to keep going until he can buy himself a seat on the board.
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Sounds exactly like a pump and dump. He is betting that he can make enough noise to force Apple to pump the market with a buy back so he can then dump his stake and make hundreds of millions of profit. People like him couldn't care less what happens as long as they dump their stock before any trouble they cause starts and leave all the remaining investors like pension funds etc. to pick up the pieces.
Exactly! He's buying tons of stock, hoping a buy back happens, and his stock value goes up!
In a nutshell: Hey Apple, please make my shares a lot more valuable.
While I understand some of the price drop, why it is so vicious is confusing. You understand why growth stocks plummet when growth ends, but AAPL has a P/E in the low teens - not exactly a growth stock price. GOOG is 30 for example, and it can miss earnings but beat revenue and go flying. AAPL seems to continually be punished unless perfection is seen.
Wow! It's hard to imagine why Carl Icahn just keeps pouring money into Apple when he could easily invest into Google or Amazon or Priceline or Intuitive Surgical or Boeing or any of the hundreds of other companies that would give him returns. Apple isn't going to give back anything to shareholders. That's how the company operates. Products always come first. Shareholders always come last.
My only hopes as a long-term Apple shareholder is hoping for yearly increased dividends and a miracle that Apple may become a leading company in the mobile payments industry and eventually get into the banking business. Apple's smartphone business looks to be totally crippled by cheap Android devices. Those companies making those devices must be struggling but they keep hanging in there. I believe Apple has a much greater advantage over those smaller, struggling companies because Apple is sitting on a mountain of cash but maybe I'm wrong.
My only hopes as a long-term Apple shareholder is hoping for yearly increased dividends and a miracle that Apple may become a leading company in the mobile payments industry and eventually get into the banking business. Apple's smartphone business looks to be totally crippled by cheap Android devices. Those companies making those devices must be struggling but they keep hanging in there. I believe Apple has a much greater advantage over those smaller, struggling companies because Apple is sitting on a mountain of cash but maybe I'm wrong.
Care to share your wisdom as to why? His track record in the stock market wouldn't exactly support your prediction.
Sure, just use Adblock or whatever you use on your browser. You do block ads, right?
I'm not saying it's not a good investment. I invested in Apple when it was under $5 a share. It's just funny that he keeps crying and complaining about how they're doing things and thinking he can tell them how they need to do things then when they don't do what he wants, he invests more.
I wouldn't consider it "crying and complaining". He sees an opportunity where Apple has a mountain of cash with no plans to use it. What do you think Apple should do with its $158 billion in cash?
To be fair, don't his comments make perfectly transparent that's what he's doing? It's not like he's either pushing for this buy back or investing in secret.
I asked this on the last two articles. Clearly, the author is smitten with this picture.
Well he's never addressed all the money they'd lose if they did the stock buy back. He doesn't care about that because it would increase his stock price but then he'd sell.
If he's buying shares to dump them for profit then that's one thing.
My concern is that he's trying to buy himself onto the board and yield some kind of power.
My concern is that he's trying to buy himself onto the board and yield some kind of power.
Apple does not benefit with Carl Icahn owning shares. Carl Icahn does benefit from Apple.
That's the difference to why he is the owner and not Apple.
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made my day