I'm a long time AAPL shareholder and I do want to see Apple put their cash to good use. Not to prop up the stock price though - that's not what Apple's all about. They should use it to expand their R&D. Use that money to develop ground-breaking advances in technology that are leaps and bounds beyond the competition. Carry on Steve Jobs' vision of changing the world. THAT's the AAPL I want to own.
HEADLINE: Obnoxious Investor Carl Ichan Accidentally Slips on Ice, Dies COPY: Bigmouth rich-guy Carl Icahn was found dead on the sidewalk in front of his fancy home. Officials determined the cause of death to be from blunt-force trauma to the back of his giant head, assumed to be the result of "slipping on the ice on the sidewalk in front of his fancy home." There were no witnesses. No further investigation is pending, as no one asked for any. The world continued to exist, many believe in a better state.
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.
Is that you Tim?
BTW Willing to volunteer for extra dividends if anyone needs a test case.
Well then please stop trying to turn it into your own private piggy bank.
We get it. Your exposure on AAPL is somewhere around $450/share and you're kicking yourself. Suck it up and stay for the long haul like actual investors do. Let Apple spend its reserve on things (*cough* topsy *cough* primesense *cough*) that will put you way past $450 if you'd just have the patience the good lord gave a golden retriever.
Does Apple management think that their stock is not a good investment? Do the officers get to buy, before the company does? Sounds like insider trading
so... apple has too much money. but this guy does not have enough? if you are a billionaire and want more money- stfu. if you cannot be bothered to spread your wealth- do not expect others to.
Billionaire investor and financial activist Carl Icahn has filed a shareholder proposal with Apple, seeking support for spending even more of the company's cash reserves on its own shares. "Apple is not a bank." - Carl Icahn
"but I intend to do everything I can to get as much money out of them as possible!"
Does Apple management think that their stock is not a good investment?
Do the officers get to buy, before the company does?
They can buy just like you can buy. However, they are not allowed to buy if they know something is going to happen that may drive the price up/down that you (the public) don't. That is insider trading.
<div class="quote-container" data-huddler-embed="/t/161044/carl-icahn-files-apple-shareholder-proposal-seeking-increase-in-share-buyback-program/40#post_2443477" data-huddler-embed-placeholder="false"><span>Quote:</span><div class="quote-block">Originally Posted by <strong>Flabingo</strong> <a href="/t/161044/carl-icahn-files-apple-shareholder-proposal-seeking-increase-in-share-buyback-program/40#post_2443477"><img src="/img/forum/go_quote.gif" class="inlineimg" alt="View Post"/></a><br/><br/>Does Apple management think that their stock is not a good investment?<br />
Do the officers get to buy, before the company does?</div>
They can buy just like you can buy.
However, they are not allowed to buy if they know something is going to happen that may drive the price up/down that you (the public) don't. That is insider trading.
I believe officers have to announce their intentions before buying/selling. As for insider trading, officers (and those in the know) can't buy or sell within two days after a public announcement.
All he is trying to do with this is stay in the headlines. I don't think that clown is actually dumb enough to truly believe he would get anything more than 5-7% of yes votes. Thats what historically happened on those kind of proxy votes.
IMHO, I don't think you become a billionaire unless you're a tad greedy. (I am not talking about inherited billions).
Indeed, like you don't become an entrepreneur unless you have a bit of drive, or like how Steve Jobs wouldn't have invented the iPhone without a little bit of vision.
Comments
Icahn is just a greedy Billionaire, IMHO.
IMHO, I don't think you become a billionaire unless you're a tad greedy. (I am not talking about inherited billions).
COPY: Bigmouth rich-guy Carl Icahn was found dead on the sidewalk in front of his fancy home. Officials determined the cause of death to be from blunt-force trauma to the back of his giant head, assumed to be the result of "slipping on the ice on the sidewalk in front of his fancy home." There were no witnesses. No further investigation is pending, as no one asked for any. The world continued to exist, many believe in a better state.
Is that you Tim?
BTW Willing to volunteer for extra dividends if anyone needs a test case.
I always would have preferred the inherited kind I must admit. Less guilt, less enemies and you are used to it by the time you are dating.
Well then please stop trying to turn it into your own private piggy bank.
We get it. Your exposure on AAPL is somewhere around $450/share and you're kicking yourself. Suck it up and stay for the long haul like actual investors do. Let Apple spend its reserve on things (*cough* topsy *cough* primesense *cough*) that will put you way past $450 if you'd just have the patience the good lord gave a golden retriever.
Do the officers get to buy, before the company does? Sounds like insider trading
so... apple has too much money. but this guy does not have enough? if you are a billionaire and want more money- stfu. if you cannot be bothered to spread your wealth- do not expect others to.
something wrong about a guy who invests 2% and expects to control what Apple does with the other 98%.
2% buys you a lunch with Tim. Not a seat on the board. Ante up or shut up.
Also, he lost his fight to control Dell. He's really on a roll.
Billionaire investor and financial activist Carl Icahn has filed a shareholder proposal with Apple, seeking support for spending even more of the company's cash reserves on its own shares.
"but I intend to do everything I can to get as much money out of them as possible!"
Does Apple management think that their stock is not a good investment?
Do the officers get to buy, before the company does?
They can buy just like you can buy.
However, they are not allowed to buy if they know something is going to happen that may drive the price up/down that you (the public) don't. That is insider trading.
"Ichan"? I-"chan"?
Oh, my. Even the spellchecker catches this misspelling.
I believe officers have to announce their intentions before buying/selling. As for insider trading, officers (and those in the know) can't buy or sell within two days after a public announcement.
Icahn.
He thinks he's an Icohn for the shareholders.
Indeed, like you don't become an entrepreneur unless you have a bit of drive, or like how Steve Jobs wouldn't have invented the iPhone without a little bit of vision.
You think Icahn would try this if Steve were still around?
Nope.