Carl icahn buys apple stock
Billionaire investor Carl Icahn said he bought "quite a bit" of Apple stock Wednesday as the shares fell amid disappointment over its new iPhone offerings. Icahn told CNBC on Wednesday he added to his already sizable position because the investment is a "no-brainer. Though Icahn admitted Apple's stock could continue to decline in the near term, he thinks it's likely to climb higher over time.
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He went so far as to list it as one of his finer investments, a bold statement for the hedge fund manager who also owns shares of such companies as NetflixDell and Chesapeake Energyamong others. Icahn continued to advocate for a share buyback, calling it "ridiculous" that the company wouldn't take advantage of low rates to borrow the money and execute the transaction. Again, he called it a "no-brainer. Though Apple's latest product announcement, the iPhone 5S and multicolored iPhone 5C, drew mixed reviews from consumers and investors alike, Icahn expressed little concern.
After decades of asset management, Icahn said he's learned not to micromanage. I just look at what they're doing. They're one of the best brands. They are building revenue.
Carl Icahn sells huge Apple stake over China fears - Apr. 28,
Though he wouldn't guess where oil is headed, Icahn said he's bullish on Chesapeake because it has good assets and is being well run by CEO Carl icahn buys apple stock Lawler following a recent reorganization effort. Icahn slammed activist investor Bill Ackman's skepticism of Herbalife.
Earlier this year, Ackman and Icahn got into a very public flight data entry jobs from home thane the company, best trend following system forex Icahn said "I don't even read what he writes anymore. On Netflix, Icahn said the company "isn't what it was," but added he thinks CEO Reed Hastings is doing a "great job.
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Icahn Pushes Apple to Buy Back More Stock - WSJ
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