Since Icahn has pumped in, it is better to temporarily reduce the buy back, and wait till he finishes with his dump operation, which is never longer than 3 months, then increase the buy back to get the lowest buyback price possible.
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Investor Carl Icahn to Have Dinner With Tim Cook, 'Magnitude' of Share Buyback to Be Discussed
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Since Icahn has pumped in, it is better to temporarily reduce the buy back, and wait till he finishes with his dump operation, which is never longer than 3 months, then increase the buy back to get the lowest buyback price possible.
Are you referring to the intraday spike upwards?
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Short-term, that is. There's nothing evil about trading short-term (and in fact it is taxed way more), but if you're trying to pump up a stock to make money and let the company fail after, that's not very admirable. Notice that I said "if".
He is referring to the fact (whether he meant to or not) that this is not news.
I don't either, but that's because I've never heard of him. Either way, I'm playing it safe and selling below $600, judging by his target. I'm going to quit while I'm ahead.
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So they can pretend they are chewing to give them time to come up with an answer or a question! Same as having a drink with someone over a discussion.
It's because you haven't looked. Example A: Dell shareholders.
I'd say he's quite a friend to Apple shareholders. Apple is not utilizing its cash - it should be given to its owners (the shareholders) or used for the business. The fact is that they have too much to use and have had more than they can use for years.
Dinner with Tim Cook
....lo.....outrageous!
A big name (if you remember this billionaire old man from the 80's),
comes along and maneuvers his way into being heard.
Thanks Twitter! Another worthless social soudo tool.
Since when are people like this allowed to gain the ear of a CEO?
Big deal. A billion dollar stock buy. That only leaves me short by about
$999,999,000.00 short of a dinner invite.....haha....
I'll languish in my thousand shares I've been holdin on to for years....
Well, maybe brunch? hehe....
....lo.....outrageous!
A big name (if you remember this billionaire old man from the 80's),
comes along and maneuvers his way into being heard.
Thanks Twitter! Another worthless social soudo tool.
Since when are people like this allowed to gain the ear of a CEO?
Big deal. A billion dollar stock buy. That only leaves me short by about
$999,999,000.00 short of a dinner invite.....haha....
I'll languish in my thousand shares I've been holdin on to for years....
Well, maybe brunch? hehe....
Not if you do it right. I suspect that's what happened with Microsoft when a bunch of investors suddenly went wild over it and its doomed-to-fail Surface tablet then all dumped it later on.
True, but you should Apple decide the amount of buyback shares, not go have a dinner with the CEO to place an amount to suit your needs. After all, the Board is also compromised of Investors other than Icahn.
Are you aware of AAPL's current market cap? Anyone devising any hostile takeover better have some deeeeep pockets.
That's what has me worried! We don't know Tim's "bullyability" factor yet. We all know You couldn't make Steve do a DAMN he didn't want to. I hope Tim walks that same line.
Apple ultimately is the one that will decide the size of the buyback. I don't have a problem with Apple getting input from its shareholders. I just disagree with the premise that a 0.2% interest in a company buys you enough influence to strong arm them into doing something that they don't want to do.
Etc etc. You all get the point.
Stock and market manipulation at it's finest.
He wants Apple to increase the buyback so his stake in Apple is worth more. Then he can sell and make more money. Doing this at huge levels like he wants should be illegal.
Once again, the gall of this man, or anyone, trying to profit from an investment!!!
And in your opinion, is 0.2% huge?
He's asking them (demanding even) to buy and retire shares of their own stock - this reducing the number of the market and increasing the price.
Tim Cook is a disaster waiting to happen, a COO who should have NEVER become a CEO. Now he sits with a single "investor" in order to define a valuation strategy for the company? Pathetic.
I wonder if Mr Icahn (and what a ridiculous surname, dare I say) would have the same chance with SJ - you are right; he wouldn't.
When people buy shares, the share price goes up. When a company buys its own shares, same thing, the share price goes up.
What? Investors buy on hopes and sell on fears. That's the way the markets function, fundamentally. If you're going to get your knickers all twisted up over that, then you should stay far, far away from the stock markets.