“Add Carl Icahn to that Apple fan club. He told CNBC last night that Apple is a ‘once in a decade’ company and a ‘no-brainer’ investment,” Barbara Kollmeyer reports for MarketWatch. “Of course, this is the guy who has a $5 billion position.”
“He also suggests fund managers don’t own enough of the Cupertino powerhouse and are going to be scrambling for shares as they try to catch up — which may go for more than just Apple,” Kollmeyer reports. “‘The 10% correction was a nasty shock, but with the end of the year looming, there will be a lot of investors looking to jump on board a late-stage rally that will do much to buff performance figures for the year,’ said Chris Beauchamp, market analyst at IG.”
Kollmeyer reports, “‘We are a larger shareholder. I have $5 billion dollars. I think I have a right to say what I think,’ Carl Icahn, taking some credit for accelerating Apple’s $17 billion buyback plan, in an interview with CNBC.”
Read more in the full article here.
“I would be happy if Jerry had no emotions whatsoever… What happens if Jerry gets mad?”
Jerry?
I guess you’ll just have to Google it.
If Jerry can, Tou cahn!
Icahn is really trying hard to move the stock but even he doesn’t seem to make many big investors bite. After a blow-out quarter I had hoped Apple would have immediately hit $105, but I can see that isn’t going to happen any time soon. I’m not complaining but I see the P/E getting compressed again after pulling in that increased revenue. Already the fund managers are jumping back to Google and Netflix. Apple must not interest them very much.
Considering Apple Pay will likely be a hit and overwhelming demand for the high-end iPhone, I find their lack of interest in Apple a bit odd if not somewhat disturbing. I’m willing to bet institutional ownership doesn’t increase at all and that would seem to indicate a lack of confidence in Apple.
Icahn is the epitome of what’s wrong with the American corporate world– he is nothing more than a mega leech manipulating the market and insider trading for his own gain. He cares nothing for Apple products and vision – only what he can do for his own bottom line. Haven’t you made enough money dude?
We are close to the 52 week high but giving the overwhelming success of the last quarter you would have expected a bigger pickup. Heck if Amazon’s CEO farts their stock goes up.
We all know why Icahn wants the stock to rise. So that he can sell and realize a profit. Holding longer term makes no sense unless he expects the stock to grow further.
My guess is that the stock will break out of the current zone this quarter and reach a peak at earnings release in January. There will be minimal concern over supply and demand with the surety that Apple will sell many more iPhones than last year. iPads will also sell well too but may not break any records. Macs will sell well also and probably break the Q2 (?) record.
Then we will have the AppleWatch hype plus FUD for product delay and issues (where is all the sapphire going to come from?) that hopefully will drive or hold the stock to the new highs.
Then it all comes crashing down when someone shows an iPad Air 2 bending over their knee.