He’s previously admitting to not really “getting” Apple, but legendary investor Warren Buffett’s recent investment in AAPL seems to have convinced shareholders to have a bit more faith in the Little Cupertino Company That Could.
Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money.
Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.
Apple’s meager Q2 2016 earnings report is continuing to wreak havoc on the company’s stock price, leading to the longest streak of losses since 1998.
Apple’s Q2 2016 earnings have been disasterous for the company’s share price, as AAPL stock suffered its worst week in three years.
Wall Street has suddenly soured on Apple, including Carl Icahn, who revealed earlier this week that he dumped all of his shares. With investors offloading shares, the company watched its market capitalization shrink by $65 billion in a mere three days, which is about the equivalent of Cambondia’s net wealth.
Apple’s biggest cheerleader on Wall Street, Carl Icahn, is getting rid of all of his AAPL shares after the iPhone-maker reported its first year-over-year decline in revenues for the first time in 13 years.
The iconic investors has insisted for years that Apple shares are grossly undervalued and has made over $3.4 billion investing in Apple. Now Carl is throwing in the towel even though he still thinks the stock is ridiculously cheap.
Carl Icahn is bearish on the current stock market. After making billions buying Netflix shares near $58, the iconic investor announced today that he’s cashing out now that the stock is trading around $677 because the ‘overheated.’
Despite pulling out of Netflix though, Icahn is still super bullish on AAPL and thinks that the stock is actually at the same point now as when he bought into Netflix back in 2012.
Carl Icahn’s big bet on Apple is paying off huge.
During an interview today defending his belief that Apple will make a 65-inch UltraHD TV, the billionaire revealed his investment in Apple starting in 2013 has been one of the greatest trades of all time, netting about $3.4 billion.
Icahn owns more than 52 million shares and stands to make even more if Apple shares reach his current estimated value of $240 (shares closed today at 129.989). Watch what Icahn had to say about his mega-investment below:
Rumors surrounding Apple’s plans for TV have been picking up considerably as its Worldwide Developers Conference draws near in June.
But the idea of a standalone Apple TV set (not the little hockey puck that exists already) eventually becoming a reality is starting to look pretty bleak. Not everyone has given up hope, though. As the biggest proponent of the Apple HDTV rumor throws in the towel, one of the world’s most powerful investors remains convinced that it will happen.
In an open letter to Tim Cook, billionaire investor Carl Icahn says Apple’s stock is still incredibly undervalued, and that now is the time for a much larger stock buyback.
Icahn’s firm believes that Apple shares are really worth $240 today, despite trading around $130.26 this morning, an increase over his previous estimate of $216. According to his letter, Icahn believes Apple is poised to dominate two new markets – television and the automobile.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.”
Regardless of whether you think Apple’s falling share prices are justified or the result of bozos who don’t understand how Apple works, one person is seemingly happy with the immediate response to Apple’s recent financial quarter: Carl Icahn.
Carl Icahn’s relationship with Apple has been rocky ever since he became the company’s most loquacious investor last Fall. While ribbing Tim Cook publicly with one hand for not doing a bigger buyback, the other has been busy forking over fat stacks of cash for more and more AAPL shares.
This morning Carl went classic Icahn and took to Twitter again to complain about Cook and the Apple board not giving him and other investors more money with his proposed $50 billion buyback, while also announcing he’s been gobbling up AAPL shares faster than Jaws went after those guys on the boat:
He’s appeared on the cover of Time magazine, and been called a “Johnny Come Lately” by Apple shareholders — and now Carl Icahn has also received a response from Apple regarding his proposed $50 billion buyback plan.
In short, Apple claims it is already returning a lot of money to its shareholders, and will continue to look at ways to do so — but doesn’t feel that it should be bound by Icahn’s suggested strategy.
Would Carl Icahn’s memoirs be titled How To Lose Friends And Influence People?
Well, it’s difficult to be as outspoken as Icahn without certain other investors speaking out about you — and that’s exactly what Anne Simpson, head of corporate governance at the California Public Employees’ Retirement System, has done.
Carl Icahn, the richest investor on Wall Street who has been pressing Apple to make a $150 billion stock buyback, has announced the next phase of his master plan. He has submitted a proposal to Apple shareholders that asks them to vote on his buyback, which effectively puts more pressure on Apple to meet his demands.
The question is whether a more aggressive buyback is actually in Apple’s best interest.
Nuance Communications — best known as the software makers of Siri — saw a slump in profits below its forecast 2014 projections, thanks to a shift to a subscription-based business model.
The move, which brings in less money upfront and instead is spread over a longer period, ensures more predictable recurring revenue — but also means a short-term hit in profit margins.