Monday, October 28, 2013

He's Baaaccck! Carl Icahn Buys More Apple, Shares Rise

Activist shareholder Carl Icahn who announced he was starting to take large positions in Apple, has just purchased some more. Icahn says Apple is very undervalued and that the company should commence a large share re-purchase program, which if adopted, claims Icahn, would increase Apple's EPS by 33 1/3%. The downside: The buyback plan would require Apple taking on significant debt.


Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More

Powered by Blogger