Carl Icahn Says Apple Is Massively Undervalued
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Re: Carl Icahn Says Apple Is Massively Undervalued
#2I think this is a much better url as it has the actual letter that the article is based on.
http://www.businessinsider.com/carl-icahn-apple-letter-2014-...
To be fair to him, he's not the only person who thinks apple should be doing more with their cash:
http://appleinsider.com/articles/13/11/21/hedge-fund-manager...
I'm sure most people have heard about Icahn. But if not check out his Wikipedia page to see a list of investments he's gone activist on: http://en.wikipedia.org/wiki/Carl_Icahn
The guy is an interesting man. His most recent endeavor was to prop up the company herbalife. http://www.bloomberg.com/news/2014-07-22/icahn-makes-234-mil...
He sure isn't the kind of hedge fund manager that sits behind a desk and stares at his Bloomberg terminal all day:)
The man is 78, and worth 23 billion and he's still picking fights, I hope I have that kind of energy when I get that old, maybe not the fight picking part:)
EDIT to be clear, I'm not making a judgement on his character or if he's a net positive to the market. You may see him as good or bad.
Re: Carl Icahn Says Apple Is Massively Undervalued
#3You should read this as "Carl Icahn wants to pump and dump Apple Stock."
Re: Carl Icahn Says Apple Is Massively Undervalued
#4Carl: Hmm... I think I should sell my apple shares... but who would buy them all...?
Carl: I know, I'll get apple to buy my shares!
Re: Carl Icahn Says Apple Is Massively Undervalued
#5I think this is a much better url as it has the actual letter that the article is based on. http://www.businessinsider.com/carl-icahn-apple-letter-2014-... To be fair to him, he's not the only person who thinks apple should be doing more with their cash: http://appleinsider.com/articles/13/11/21/hedge-fund-manager... I'm sure most people have heard about Icahn. But if not check out his Wikipedia page to see a list of…
From what I read from him, I can only feel that he's one of the example of what's wrong with capitalism. He only serves himself (Pump & dump, Herbalife, etc.)
He's been a cancer to any company that he's invested in. Check the Family Dollar history. Force owner to sell, then when a serious offer shows up, he sells his share before the deal is closed.
Re: Carl Icahn Says Apple Is Massively Undervalued
#6He's expressed this sentiment before, and has been pressing Apple to expand its stock buyback program since he first invested in the company. See this 2013 article from Bloomberg: http://www.bloomberg.com/news/2013-08-13/carl-icahn-disclose...
Re: Carl Icahn Says Apple Is Massively Undervalued
#7he's so full of it. he wants a stock buyback program to boost his own shares valuation. that's all. this guy is a scam artist.
Re: Carl Icahn Says Apple Is Massively Undervalued
#8I wonder if Tim Cook really reads that lengthy letter or some legal expert will just summarize the content. TL;DR version might be helpful.
Re: Carl Icahn Says Apple Is Massively Undervalued
#9You should read this as "Carl Icahn wants to pump and dump Apple Stock."
FWIW, he does claim that he won't do that.
Depends on how trustworthy he is, though.