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

Does that man specifically ask his photographer to photoshop in as much a***hole as possible into each portrait? He's nearly as good as the EA CEO.

Even if I had never heard of him, I kinda want to punch him. He just inspires hatred from his expression :(
 
Carl sees value at AAPL, specially at this price. While the rest of Wall Street think APPL is too expensive and heading down.

Who do you believe, the average Joe who don't know how to read the charts or a guy willing to put in 4B?

I still believe in Apple, I wish I have money to buy more at this discounted price.

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Reason077 said:
I suspect @Carl_C_Icahn is eventually going to end up loosing a whole lot of money on AAPL shares.
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Thank god you knows better than Carl about stocks.
 
unplugme71 said:
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
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Sure they do. They get to use the money he has invested in them. If they didn't want investor money, they'd be privately traded instead of publicly traded.
 
I have no stake in this, so I think it's kind of funny to watch. I hope Apple just keeps ignoring his demands and he keeps buying more and more and getting increasingly petulant.

As for Apple's cash reserves, I think the idea of a tax holiday is ridiculous and a sign of the times, where corporations get whatever they want just because they make demands. No one else gets a tax holiday.
 
orbital~debris said:
That photo makes him look like a Muppet-version of a deranged Count Dooku & Count von Count hybrid.
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I should have used images!

320px-Dooku_CIS.png


+

Count-von-Count.jpg


=

carl_icahn_potrait-250x379.jpg
 
Will do good said:
I still believe in Apple...

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[/COLOR]

Thank god you knows better than Carl about stocks.
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Gordon%2BDent.jpg


"I knew Steve Jobs. I was his friend. And it will be a very long time before someone inspires us the way he did. I believed in Steve Jobs."
 
Sucks for you, Icahn. I sold my stock when the news of you pushing for a buyback (which is a bad idea by the way) pumped it up a little, and now you're stuck with tumbling stock. Enjoy.

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giantfan1224 said:
What do you mean by money they'd lose?
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Buybacks cost money.

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ArtOfWarfare said:
Sure they do. They get to use the money he has invested in them. If they didn't want investor money, they'd be privately traded instead of publicly traded.
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Since he bought those shares from investors who sold, no, him buying AAPL does not give Apple any cash. That's only when Apple is selling shares.

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Will do good said:
I still believe in Apple, I wish I have money to buy more at this discounted price.
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Well, we can come back in a year and look at what AAPL has done. I'm not holding onto AAPL shares or buying any anymore.

Also unlike most of the people here who just want to make fun of how he looks and complain about Wall Street while they bet absolutely nothing on Apple's performance, I have legitimate reasons to fear this buyback.
 
tbrand7 said:
This guy isn't rich for nothing... He knows.
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What's good for stockholders and what's good for customers are not always the same thing.

I want Apple to be a company that keeps on bringing out new toys for me to play with. I don't really care how well that works out for its stockholders, as long as the company does well enough to do what I want.
 
OldSchoolMacGuy said:
Most of their cash is sitting outside of the US. If they do a stock buyback, they would have to pay big time taxes on that money. That's one of the reasons that they aren't doing a buy back at this point.
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They wouldn't necessarily have to repatriate money to fund a buyback. In fact they didn't repatriate anything to fund the latest buyback.
 
giantfan1224 said:
So do dividends. And capital investments. And acquisitions. Characterizing it as ''money lost" is misleading and not accurate.
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Well, "money lost" is the same thing as "expenditure", just with a different connotation. But I would argue that the money spent on buybacks wouldn't help the company at all. They're supposed to be used when the stock is undervalued. Wouldn't help growth either.

Apple would also have to take a loan, paying interest on it, to do a buyback. Either that or suffer the taxes of bringing out-of-US money into the US.

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giantfan1224 said:
They wouldn't necessarily have to repatriate money to fund a buyback. In fact they didn't repatriate anything to fund the latest buyback.
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True that they can do smaller buybacks, but the buyback Icahn is pushing for requires more money than they have in the US, so they'd have to.
 
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Gwonam said:
True that they can do smaller buybacks, but the buyback Icahn is pushing for requires more money than they have in the US, so they'd have to.
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No they wouldn't. Not if they borrowed to do it, as you've already suggested. As a shareholder, I have no problem with that, paying a ridiculously low interest rate versus repatriating the money to do it. Money sitting offshore is certainly making more interest than what they have to pay to borrow.
 
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