Eff Icahn, but I wouldn't mind Apple giving me a larger dividend if they refuse to make some decent acquisitions to boost revenue. It's going to be very hard to get fair shareholder value and a better share price, but Apple can easily boost dividends and it might help pull in a few more institutional investors as a result. Apple will continue to be a tech laggard for the rest of 2013 and with all that cash Apple is sitting on, there's really no reason at all for shareholders to have to put up with such nonsense.
Carl knew he had lost with the $150 billion buy back demand. In an attempt to save face, he changed course by $100 billion and decided to force a shareholder vote. A $50 billion demand is much more palatable to many people. Still, I see Carl as being greedy while not caring about Apple's long-term financial health.
Sooooo%u2026 this is how I would see this playing out:
1. Apple gives in to Icahn's demand 2. Positive gain in stock price allows Icahn to sell with a nice hefty profit. 3. Stock returns to current value after he sells out.
In the end, NOTHING gained for all the average investors.
So why should Apple give into a pig (greedy) investor looking for some quick action?
Carl wants Apple to buyback $50B in 2014. I think they already bought back about $20B. So basically he asking for Apple to accelerate buyback to 2014 and add an additional $10B.
Not unreasonable at all
It would cost Apple almost nothing to do this. The interest on the Bonds would be less than the dividends they save. And it would be smart to do it in 2014 while rates are still low and Apple is still undervalued.
Crazy Carl wants dividends and the buy back. So when Carl leaves after AAPL reaches his target price, Apple will still be in debt. No thanks.
I, for one, vote Eff off on his proposal.
Side note: why does anyone still read posts by a concern troll.
Carl wants Apple to buyback $50B in 2014. I think they already bought back about $20B. So basically he asking for Apple to accelerate buyback to 2014 and add an additional $10B.
Not unreasonable at all
It would cost Apple almost nothing to do this. The interest on the Bonds would be less than the dividends they save. And it would be smart to do it in 2014 while rates are still lowand Apple is still undervalued.
You do not have all the details. Apple has already committed to buying back 100 billion of its stock. This is on top of the dividend it pays. Carl wants Apple to commit to spending the rest of its war chest on buying back its shares. That is ridiculous fo a few reasons. Apple's war chest allows it to do things like go buy billion dollar companies, and prepay for components which gives it tremendous leverage.
I'd like to see dividends boosted proportionally more for the length of time held!
That's something that has always bothered me. For dividend stocks they typically set a date where an investor needs to be a "stock holder of record" just days before the payout. That should change. It effectively turns Apple stock into a slot machine.
That's something that has always bothered me. For dividend stocks they typically set a date where an investor needs to be a "stock holder of record" just days before the payout. That should change. It effectively turns Apple stock into a slot machine.
However, if you buy in and the stock drops in value more than your dividend payout you may end up holding longer than you want.
Carl wants Apple to buyback $50B in 2014. I think they already bought back about $20B. So basically he asking for Apple to accelerate buyback to 2014 and add an additional $10B.
Not unreasonable at all
It would cost Apple almost nothing to do this. The interest on the Bonds would be less than the dividends they save. And it would be smart to do it in 2014 while rates are still low and Apple is still undervalued.
So much of this post is inaccurate I don't even know where to start. :no:
That would be illegal under US law. Dividends can vary only by class of shares.
Well, I suppose someone could try classifying shares based on length of ownership.... that would be novel!
Not being serious, I was just thinking selfishly as a long time holder but it would certainly reward loyalty wouldn't it?
Actually, I think that's a GREAT idea. I am going to explore this some more with some corporate lawyers and CFOs to find out why (if?) this cannot be done.
Icahn is just a greedy Billionaire, IMHO. I'll await the Apple Board's recommendation on this proposal and follow that. They've been doing just fine without the invaluable input from Carly.
Comments
Eff Icahn, but I wouldn't mind Apple giving me a larger dividend if they refuse to make some decent acquisitions to boost revenue. It's going to be very hard to get fair shareholder value and a better share price, but Apple can easily boost dividends and it might help pull in a few more institutional investors as a result. Apple will continue to be a tech laggard for the rest of 2013 and with all that cash Apple is sitting on, there's really no reason at all for shareholders to have to put up with such nonsense.
Just...go...away...
I'm saying that as an very happy AAPL owner.
I'd like to see dividends boosted proportionally more for the length of time held!
That would be illegal under US law. Dividends can vary only by class of shares.
Well, I suppose someone could try classifying shares based on length of ownership.... that would be novel!
1. Apple gives in to Icahn's demand
2. Positive gain in stock price allows Icahn to sell with a nice hefty profit.
3. Stock returns to current value after he sells out.
In the end, NOTHING gained for all the average investors.
So why should Apple give into a pig (greedy) investor looking for some quick action?
Not being serious, I was just thinking selfishly as a long time holder but it would certainly reward loyalty wouldn't it?
> ahem <
Boo, Hiss!
There, I voted my shares.
The man cares only about the short term profit and then he is gone.
That picture of him just looks weird, kind of has this puppy dog dumb look on his face, kind of where are the squirrels
Icahn - lol
Crazy Carl wants dividends and the buy back. So when Carl leaves after AAPL reaches his target price, Apple will still be in debt. No thanks.
I, for one, vote Eff off on his proposal.
Side note: why does anyone still read posts by a concern troll.
Current buyback of $60B is up to 12/31/15
Carl wants Apple to buyback $50B in 2014. I think they already bought back about $20B. So basically he asking for Apple to accelerate buyback to 2014 and add an additional $10B.
Not unreasonable at all
It would cost Apple almost nothing to do this. The interest on the Bonds would be less than the dividends they save. And it would be smart to do it in 2014 while rates are still low and Apple is still undervalued.
You do not have all the details. Apple has already committed to buying back 100 billion of its stock. This is on top of the dividend it pays. Carl wants Apple to commit to spending the rest of its war chest on buying back its shares. That is ridiculous fo a few reasons. Apple's war chest allows it to do things like go buy billion dollar companies, and prepay for components which gives it tremendous leverage.
I'd like to see dividends boosted proportionally more for the length of time held!
That's something that has always bothered me. For dividend stocks they typically set a date where an investor needs to be a "stock holder of record" just days before the payout. That should change. It effectively turns Apple stock into a slot machine.
Icahn will only keep quite when Tim Cook releases iCan buyback
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That's something that has always bothered me. For dividend stocks they typically set a date where an investor needs to be a "stock holder of record" just days before the payout. That should change. It effectively turns Apple stock into a slot machine.
However, if you buy in and the stock drops in value more than your dividend payout you may end up holding longer than you want.
So much of this post is inaccurate I don't even know where to start. :no:
Meanwhile, Mr. Icahn was ousted from a video game company that he was somehow on the board of.
And that company has been very public about how happy it is that he is gone.
Actually, I think that's a GREAT idea. I am going to explore this some more with some corporate lawyers and CFOs to find out why (if?) this cannot be done.
Icahn Haz No Brainz
Icahn should go invest into AMZN and then try pushing Bezos around like he is trying to push Cook around. Now, that would be entertaining.