Carl is getting on in years, God love him.
And, not to put too fine a point on it, but he's kinda let things slip and slide a bit these last few years.
He's playing the "activist investor" card again. It's worked before and it might work this time.
He's taken a relatively small position in Apple and therefore presumes that he can dictate to Cook and company what's best for Icahn's share position.
If Apple would only use its cash hoard to buy up even more Apple shares, Carl's Apple stake would vastly appreciate! He's confident that the shares he's bought in the low 400's could go to $700!
That's the way of American capitalism today; Icahn brings utterly nothing to Apple, but fully believes that his billionaire status and reputation as a bully should dictate corporate strategy at the ailing computer giant.
Sooner or later a corporate board will find the balls to tell these "activist investor" types to go fuck themselves.
The sooner the better.
Showing posts with label Apple share price prospects. Show all posts
Showing posts with label Apple share price prospects. Show all posts
Tuesday, August 13, 2013
Tuesday, April 30, 2013
Apple leaves tech innovation behind to focus on balance-sheet innovation
What would Steve Jobs think of the Apple bond issue?
Apple's $17 billion bond issue seems like an unnecessarily convoluted method of getting some of the cash horde "into the hands of the shareholders."
Although I suppose the fees earned by Goldman Sachs will quiet some of the squeakiest wheels clamoring for that cash.
Why does Tim Cook think this is a good idea? When you're sitting on 150 billions, you don't need to give a shit what the shareholders think.
Or what the self-dealing opportunists at GS think.
Focus on making great product, not keeping those so-called activist investors placated.
Apple's $17 billion bond issue seems like an unnecessarily convoluted method of getting some of the cash horde "into the hands of the shareholders."
Although I suppose the fees earned by Goldman Sachs will quiet some of the squeakiest wheels clamoring for that cash.
Why does Tim Cook think this is a good idea? When you're sitting on 150 billions, you don't need to give a shit what the shareholders think.
Or what the self-dealing opportunists at GS think.
Focus on making great product, not keeping those so-called activist investors placated.
Wednesday, April 17, 2013
Pot-addled hillbilly blogger called todays AAPL drop months ago
As in last August, September, November, and most recently six weeks ago.
At the time, I believe my exact words were "at $430 Apple still has a long way to drop."
But don't worry, it'll be dropping further even after today!
At the time, I believe my exact words were "at $430 Apple still has a long way to drop."
But don't worry, it'll be dropping further even after today!
Saturday, March 2, 2013
How I tried to save David Einhorn $25 million
Here it is, the straight skinny from last August 21; Is it time to short Apple?
Apple closed at $656 that day.
And I concluded that yes it was. So what does Einhorn do? He piles another 216,000 plus Apple shares into his portfolio!
According to this story at Forbes, the average cost per share of Einhorn's/Greenlight's Apple holdings is over $570.
The man could have saved himself and his investors 25 million just by not going on that buying binge after I said go short...
Nevermind the hundreds of millions he'd be to the good if he'd actually taken my advice.
No wonder he's gone to the courts to try to save his bacon with that "silly" lawsuit.
Apple closed at $430 yesterday.
Apple closed at $656 that day.
And I concluded that yes it was. So what does Einhorn do? He piles another 216,000 plus Apple shares into his portfolio!
According to this story at Forbes, the average cost per share of Einhorn's/Greenlight's Apple holdings is over $570.
The man could have saved himself and his investors 25 million just by not going on that buying binge after I said go short...
Nevermind the hundreds of millions he'd be to the good if he'd actually taken my advice.
No wonder he's gone to the courts to try to save his bacon with that "silly" lawsuit.
Apple closed at $430 yesterday.
Monday, November 19, 2012
Beer-swilling pothead unmasked as top stock market guru
No shit!
What did I say less than two months ago? Dump Apple I said!
"Go short" were my exact words.
Had you gone short when I wrote those words you'd be about 15% to the good tonight, and that's after today's flukey $38 rise. 15% since September 28 is about 100% on an annualized basis.
Beat that, Wall Street boffins!
And what did I say when RIM was at $6 and a half? I believe I said RIM is a buy in the current price range. And lookee, they closed today at a hair over 9.50!
That's a staggering 250% return on an annualized basis!
And the Farm Manager thought I only had staggering returns when I came home from the bar!
What did I say less than two months ago? Dump Apple I said!
"Go short" were my exact words.
Had you gone short when I wrote those words you'd be about 15% to the good tonight, and that's after today's flukey $38 rise. 15% since September 28 is about 100% on an annualized basis.
Beat that, Wall Street boffins!
And what did I say when RIM was at $6 and a half? I believe I said RIM is a buy in the current price range. And lookee, they closed today at a hair over 9.50!
That's a staggering 250% return on an annualized basis!
And the Farm Manager thought I only had staggering returns when I came home from the bar!
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