10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

The largest discount in the last 10 years

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Carl Icahn Buys More Apple as It Falls 5% - Calls It a No-Brainer

September 11, 2013 | About:
Canadian Value

Canadian Value

134 followers


It must be nice to have a few billion to play with in the stock market. Icahn has that much and more.

Today Icahn is buying more shares of Apple (AAPL) because he thinks it is so cheap that it is a no-brainer.

Icahn says that if you back out the cash on the balance sheet the current valuation is a free cash flow yield of over 18%.

He thinks that is ridiculous for such an incredible company.

Watch the video below as Icahn discusses Apple further:



About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 3.0/5 (5 votes)

Comments

Please leave your comment:


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)
Free 7-day Trial
FEEDBACK