All items tagged with "Carl Icahn"

Carl Icahn says Apple shares should be worth nearly double

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac

Shares of Apple stock closed at an all-time high today of $124.88, bringing the company’s marketcap to a staggering 711.59 billion. Tim Cook couldn’t be happier with his company’s performance, but according to famous billionaire investor Carl Icahn, Apple’s stock should really be worth double.

In a letter posted to his Twitter followers, Carl Icahn said his firm has increased AAPL’s forecasted earnings per share in 2015 and believe the market should value Apple at $216. That’s not a price target. That’s what Ichan thinks they should be worth today.

According to Carl, the rest of the market still hasn’t caught on because they’re giving the company a significantly discounted multiple on its P/E ratio compared to the S&P 500.

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Mega-investor Carl Icahn calls buying AAPL a ‘no-brainer’

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Apple just had a killer quarter. In fact, it was the most profitable quarter for any company in history. As such, Apple stock is up 5 percent since Wednesday trading.

But has Apple peaked? Not according to legendary investor Carl Icahn, who recently told CNBC that he was not only raising his own Apple stock price target, but called buying AAPL a “no-brainer.”

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Carl Icahn thinks his Apple stock should be worth double current value

Credit: Tactus.com

Credit: Tactus.com

It’s likely that Tim Cook doesn’t exactly look forward to hearing from Carl Icahn, but it’s difficult to argue that the activist investor isn’t a massive cheerleader for Apple.

As promised, Icahn published his open letter to Tim Cook today and the big surprise (spoiler alert!) is that he feels his 45 million shares of AAPL stock are grossly undervalued.

In a message entitled “Sale: Apple Shares at Half Price,” Icahn explains why he believes Apple stock is currently trading at half its true value, instead claiming it should be priced at $203 per share — based on growth forecast for the next two years, alongside the company’s massive cash reserves.

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Bullish investor Carl Icahn promises open letter to Tim Cook tomorrow

Credit: Tactus.com

Credit: Tactus.com

Bullish activist-investor Carl Icahn is back again! In a tweet sent earlier today, Icahn noted that he plans to send Tim Cook an open letter tomorrow. The contents of this letter are¬†unknown, but Icahn promises it will be “interesting,” to say the least.

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AAPL is back: stock closes at all-time high of $100.53

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AAPL shares have finally completed the long climb back to 2012 levels today, closing at an all-time high of $100.53 per share.

The stock’s 1.4 percent rise today was aided by bullish reports from both RBC and Morgan Stanley claiming Apple’s Fall lineup is going to be more extraordinary than ever this year as Apple puts the final preparations on the iPhone 6.

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Carl Icahn now owns a massive $4.4 billion of Apple shares

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Bullish billionaire activist-investor Carl Icahn recently ramped up his stake in Apple to the tune of 2.8 million shares — bringing his total stake in the company to a little over $4.4 billion.

Icahn’s position was revealed in a Securities and Exchange Commission filing on Thursday, showing how Icahn now owns more than 7.5 million AAPL shares. The buy took place during the March period, which preceded Apple’s announcement of the 7-to-1 stock split and share repurchase program.

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Apple is raising $17 billion in debt for expanded buyback program

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Wall Street is lining up to stuff its pockets with cash from Apple’s money printing empire, but rather than dipping into its massive offshore cash pile to pay for its expanded buyback program, Apple is once again planning to raise an enormous amount of debt to pay off ¬†investors.

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eBay CEO’s Plea To Tim Cook: Icahn Do This Alone

Investor activist Carl Icahn is at it again -- with eBay as the target this time.

Investor activist Carl Icahn is at it again — with eBay as the target this time.

Activist investor Carl Icahn is at it again — and Apple might be lending moral support to his latest target.

Tim Cook was reportedly one of several tech leaders, along with Netflix CEO Reed Hastings, who was consulted by eBay CEO John Donahoe for advice on how best to deal with Icahn.

Donahoe has been locked in conflict with Icahn regarding Icahn’s suggestion that eBay should spin PayPal off as its own company.

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Icahn Do It Anymore: Activist Investor Drops Call For Apple Stock Buyback

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Carl Icahn has backed off campaigning Apple to increase its stock buyback — citing the company’s recent repurchases, along with influential proxy adviser ISS’s call against his proposal.

In a letter directed to Apple shareholders, Icahn noted that he was ditching his non-binding proposal to get Apple to add a further $50 billion to its buyback plan — down from the original $150 billion he was initially requesting.

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ISS Recommends Voting ‘No’ On Icahn’s $50bn Buyback Proposal

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Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders vote against Carl Icahn’s share buyback proposal for Apple.

According to the ISS report, “[The Apple board] has returned the bulk of its U.S.-generated cash to shareholders via aggressive stock buybacks and dividends payouts. In light of these good-faith efforts and its past stewardship, the board’s latitude should not be constricted by a shareholder resolution that would micromanage the company’s capital allocation process.”

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