1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6023) 

Carl Icahn Tweets Again, Apple Stock Buyback Imminent

August 22, 2013 | About:
Carl Icahn personally broke the news that he took a major stake in Apple (NASDAQ:AAPL) last week using his new Twitter account. Today, he updated his followers about his push for a large share buyback, tweeting:

“Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude.”

Apple’s share price increased about 0.78% since Icahn’s tweet, and is up 0.09% overall today.

Icahn last spoke of his involvement with Apple on August 13. He posted two messages into the Twittersphere that day:

“We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.”

“Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.”

In the third quarter, ended June 29, 2013, Apple returned $18.8 billion in cash to its shareholders through dividends and share repurchases, after ending the first quarter with a gargantuan cash balance of $145 billion. Apple just recently made history with the size of its share buyback, authorizing $60 billion through year-end 2015. Read more about Icahn and Apple here.

Interested in GuruFocus Premium Membership? Try it free for 7 days.

Rating: 4.2/5 (5 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


1946DCF ROC price change one yr
1946DCF ROC
DBrizanmga beater27Jul2016
DBrizanmga beater
DBrizanBlank 26Jul2016
DBrizanBlank 27Jul2016
DBrizanUSA high quality
DBrizanCDN high quality
DBrizancdn hi quality27Jul2016
DBrizancdn hi quality

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK