“During a long conversation about stocks and high yield debt this afternoon between activist Carl Icahn and CNBC‘s Scott Wapner, Icahn brought up several times Apple (AAPL) as one the best stock buys around, what he has often referred to as a ‘no brainer,'” Tiernan Ray reports for Barron’s.
Rqy reports, “Asked if he would increase his position in Apple, Icahn remarked, ‘We’re considering buying a lot more.'”
Rqy reports, “But Icahn, who has warned of late of a market dangerously overpriced, quickly added, ‘I mean, we own 55 million shares or something. We would be buying a lot more if I weren’t as concerned about the market. I think it’s just one of the great situations of many years…'”
Read more in the full article here.
MacDailyNews Take: Apple’s largest individual shareholder might be even larger.
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