Icahn raised twice and folded when Apple called...and they still didn't show their hand.
Yes, Tim Cook is a wolf in sheep's clothing. No impatience, no fear. His polite demeanor works in his favor, and I honestly believe he is better at negotiation than even Steve Jobs was.
I can't keep wondering if the real reason is that he's butthurt that ISS is telling everyone to vote no. And they are big enough that folks will likely listen
"they clearly seem to agree that our company continues to be extremely undervalued"
I know the wordage there is justifiable but it's so distasteful. Tim Cook has worked there for 16 years, Carl just bought some second-hand stock I think it was 6 months ago and it's like he's got his arm round Tim's shoulder talking to him like he's one of them now.
That guy is pro Apple and imo he gets it. Not sure I understand why so much hate... He did "wake up" Apple to be smarter about there cash, imo he done is job and helped investors.
I'm not so sure he's pro-Apple but I suppose anyone that changes their last name from Cahn to iCahn must be.
I know the wordage there is justifiable but it's so distasteful. Tim Cook has worked there for 16 years, Carl just bought some second-hand stock I think it was 6 months ago and it's like he's got his arm round Tim's shoulder talking to him like he's one of them now.
That guy is pro Apple and imo he gets it. Not sure I understand why so much hate... He did "wake up" Apple to be smarter about there cash, imo he done is job and helped investors.
To what end though? He's got considerable baggage, it helps to be wary of what his exact intentions are.
Carl is finally seeing that Apple spending money on share buy back is not driving the value up, you can not grow revenue streams by spending money on stock buy back and as long as Wall Street believe Apple has not future growth they will continue to hold the stock down. I suspect they Carl will be begin slowly dumping his position at this point.
So when does he start selling his stock. Its obvious now that he's not able to push his weight around in money (and stock amounts) like he's done with other companies.
I would argue that he actually did. The board has been pretty slow and I really believe it was the spotlight that Icahn brought to the problem that got the company to be more aggressive. He put pressure on Apple where there was none. Apple is now being more aggressive. Glad to see he is backing off now that Apple is taking the issue more seriously. I expect him to stay in the stock long term as there is no reason to get out.
I want to know Carl starts selling even one share of Apple stock! This guy has been allowed to destroy many companies due to his greed and has not been forced to pay for the destruction. This time he encountered a force that had friends to oppose his destructive greed. Goodbye, Carl!! Do not come back!!!!
you will never know when he dumps his shares, he generally does not trade on the open market. He will find some investment fund looking to buy the stock cheaper then what it is trading in the market and buy it from him. He does his deals between institutions, not on the wall street.
Carl is finally seeing that Apple spending money on share buy back is not driving the value up, you can not grow revenue streams by spending money on stock buy back and as long as Wall Street believe Apple has not future growth they will continue to hold the stock down. I suspect they Carl will be begin slowly dumping his position at this point.
As soon as Apple enters a new market with lots of growth potential, the stock will correct upwards. Dumping his position now would be idiotic. He may be a little brash, but I'm not seeing Carl as an idiot.
you will never know when he dumps his shares, he generally does not trade on the open market. He will find some investment fund looking to buy the stock cheaper then what it is trading in the market and buy it from him. He does his deals between institutions, not on the wall street.
Thanks! But being so public about his Apple share purchases, being able to publicize when he sells the shares would be great.
That guy is pro Apple and imo he gets it. Not sure I understand why so much hate... He did "wake up" Apple to be smarter about there cash, imo he done isjob and helped investors.
LOL. The guy is nothing but pro money, and Apple has plenty of it that he'd like to have. I am not sure how he woke Apple up. Apple hasn't changed anything because of Icahn. Two large long term institutional investors are opposed to Icahn's moves. Apple is far more likely to listen to them. Apple has not to date increased its buy back allocation. All Apple did was buy back a large chunk of stock when the price took a huge decline, but it already prior to Icahn allocated the money to buy the stock back.
As soon as Apple enters a new market with lots of growth potential, the stock will correct upwards. Dumping his position now would be idiotic. He may be a little brash, but I'm not seeing Carl as an idiot.
Agreed. Icahn might be looking to deplete Apple's cash to his benefit, but he is not stupid. He will not dump the stock yet because Apple still has its cash, and plenty of upside potential.
I don't think it's exaggerated to say that Apple buying back the stock precisely when it was going down was a big '**** you' to all the people who speculate on their shoulders. I really believe they did it on purpose. They will never say so of course.
I don't think it's exaggerated to say that Apple buying back the stock precisely when it was going down was a big '**** you' to all the people who speculate on their shoulders.
Never mind that it’s cheaper to do that way. " src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />
So, buying back your own stock at inflated, imaginary prices is just another way of embezzling money from your company. If Apple's stock went to $1100 tomorrow and if everyone that ownsshares tried selling them off the price would drop. Fast! Why? Because you can't make due on a ponzi scheme. How can you get out more than what you put in?
Comments
Remind me never tp play poker with Tim Cook.
Icahn raised twice and folded when Apple called...and they still didn't show their hand.
Yes, Tim Cook is a wolf in sheep's clothing. No impatience, no fear. His polite demeanor works in his favor, and I honestly believe he is better at negotiation than even Steve Jobs was.
Thompson
I know the wordage there is justifiable but it's so distasteful. Tim Cook has worked there for 16 years, Carl just bought some second-hand stock I think it was 6 months ago and it's like he's got his arm round Tim's shoulder talking to him like he's one of them now.
I'm not so sure he's pro-Apple but I suppose anyone that changes their last name from Cahn to iCahn must be.
[VIDEO]
To what end though? He's got considerable baggage, it helps to be wary of what his exact intentions are.
If Apple keeps being smart and do there buybacks on big stock price drops like they just did there is no reason to push for is motion indeed.
herbapou, it's really unclear what you're trying to say there.
I can clear that one up: to make a handsome profit. Now whether that is at the expense of Apple or not is up for debate.
Carl is finally seeing that Apple spending money on share buy back is not driving the value up, you can not grow revenue streams by spending money on stock buy back and as long as Wall Street believe Apple has not future growth they will continue to hold the stock down. I suspect they Carl will be begin slowly dumping his position at this point.
So when does he start selling his stock. Its obvious now that he's not able to push his weight around in money (and stock amounts) like he's done with other companies.
I would argue that he actually did. The board has been pretty slow and I really believe it was the spotlight that Icahn brought to the problem that got the company to be more aggressive. He put pressure on Apple where there was none. Apple is now being more aggressive. Glad to see he is backing off now that Apple is taking the issue more seriously. I expect him to stay in the stock long term as there is no reason to get out.
I want to know Carl starts selling even one share of Apple stock! This guy has been allowed to destroy many companies due to his greed and has not been forced to pay for the destruction. This time he encountered a force that had friends to oppose his destructive greed. Goodbye, Carl!! Do not come back!!!!
you will never know when he dumps his shares, he generally does not trade on the open market. He will find some investment fund looking to buy the stock cheaper then what it is trading in the market and buy it from him. He does his deals between institutions, not on the wall street.
"I knew I was going to lose big time. Time to call it quits and look for another company to pillage."
You realize he is up a billion dollars or so on his Apple investment...
Carl is finally seeing that Apple spending money on share buy back is not driving the value up, you can not grow revenue streams by spending money on stock buy back and as long as Wall Street believe Apple has not future growth they will continue to hold the stock down. I suspect they Carl will be begin slowly dumping his position at this point.
As soon as Apple enters a new market with lots of growth potential, the stock will correct upwards. Dumping his position now would be idiotic. He may be a little brash, but I'm not seeing Carl as an idiot.
Well yeah, that's the concern. I think he's willing to do what he has to to make a buck, even if it's at the expense of those he pretends to ally.
Thanks! But being so public about his Apple share purchases, being able to publicize when he sells the shares would be great.
That guy is pro Apple and imo he gets it. Not sure I understand why so much hate... He did "wake up" Apple to be smarter about there cash, imo he done is job and helped investors.
LOL. The guy is nothing but pro money, and Apple has plenty of it that he'd like to have. I am not sure how he woke Apple up. Apple hasn't changed anything because of Icahn. Two large long term institutional investors are opposed to Icahn's moves. Apple is far more likely to listen to them. Apple has not to date increased its buy back allocation. All Apple did was buy back a large chunk of stock when the price took a huge decline, but it already prior to Icahn allocated the money to buy the stock back.
As soon as Apple enters a new market with lots of growth potential, the stock will correct upwards. Dumping his position now would be idiotic. He may be a little brash, but I'm not seeing Carl as an idiot.
Agreed. Icahn might be looking to deplete Apple's cash to his benefit, but he is not stupid. He will not dump the stock yet because Apple still has its cash, and plenty of upside potential.
I don't think it's exaggerated to say that Apple buying back the stock precisely when it was going down was a big '**** you' to all the people who speculate on their shoulders. I really believe they did it on purpose. They will never say so of course.
Never mind that it’s cheaper to do that way.
" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />
If Apple's stock went to $1100 tomorrow and if everyone that ownsshares tried selling them off the price would drop. Fast!
Why? Because you can't make due on a ponzi scheme.
How can you get out more than what you put in?