Wednesday, August 14, 2013

Carl Icahn Uses Twitter to Say He Took 'Large' Bite of Apple Stock - WSJ.com

Busy times for Carl Icahn
"While Apple earlier this year announced a large buyback, Mr. Icahn said in an interview Tuesday that he wants to see it happen right away, near the current share price, which he considers cheap.
"This is a no-brainer to go buy stock in a company that can go borrow" at a low rate, Mr. Icahn said in an interview. "Buy the company here and even without earnings growth, we think it ought to be worth $625," he said, referring to the stock price, which closed Tuesday at $489.57, having risen 5% on the news of Mr. Icahn's investment."
Carl Icahn Uses Twitter to Say He Took 'Large' Bite of Apple Stock - WSJ.com

No comments: