11–19 of 19 posts
If he really thinks the stock is undervalued, why would he sell in the absence of a share buyback anyway? If he is right then surely he should be buying those shares himself and waiting as the buyback would only be bringing forward a rise, not creating it.
[1] http://blog.pmarca.com/2014/03/18/when-carl-icahn-ran-a-comp...
I 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…
I am. Herbalife is a Ponzi scheme.
I wonder if Tim Cook really reads that lengthy letter or some legal expert will just summarize the content. TL;DR version might be helpful.
“It’s a big poker game to him [Carl Icahn],” says Dell. “It’s not about the customers. It’s not about the people. It’s not about changing the world. He doesn’t give a crap about any of that. He didn’t know whether we made nuclear power plants or French fries. He didn’t care.”
http://www.forbes.com/sites/connieguglielmo/2013/10/30/you-w...
Could you imagine? if Icahn bled Apple to death, Ubuntu would be the 800lb Gorilla.
I wonder if Tim Cook really reads that lengthy letter or some legal expert will just summarize the content. TL;DR version might be helpful.
I would be surprised if Cook did not read it. Its not that lengthy, and Icahn does own just a bit under 1% of the company, if I did my math right(53M shares * 100.98 / 596B market cap).
promising that if Apple heeds his advice, he won’t sell off any of his approximately 53 million shares. If he really thinks the stock is undervalued, why would he sell in the absence of a share buyback anyway? If he is right then surely he should be buying those shares himself and waiting as the buyback would only be bringing forward a rise, not creating it.