Jus ding by the comments here, I can only conclude most people here don't understand the slightest how capital markets work. In short, a company buying back stock when the stock is under values reduces float and is intended to return shareholder value, especially long term investors. With that said , the only people who would oppose the buy back of an under valued stock would be people who think the stock are over valued, and people who wants to short the stock. And that is why the instant you heard the stupid Apple board come out against Icahn, you saw the stock fall and short interest increase.
Icahn's plan is sound at 50 billion, I think at this price, it should be 75 billion.
In summary, if you believe in Apple and you think the stock is under valued now, there is no reason why you would oppose a stock buy back. But if you are a short or think the stock is over valued, you of course would not want a buy back.
All this noise about saving money to buy companies and worry about rating agencies are just beyond stupid.
My point exactly! Nobody in there has a clue about Wall Street and way too many FORMER CEOs in there. We are in a fast moving world, no room for these retirement home bozos in there
Read Icahn's letter, it you don't understand what he is saying, you are too stupid to be investing
Listen to Icahn.
Al Gore and Avo lady on this board!! Do I need to say more? They have no FINANCE guy to manage Wall Street on this board! You might as well have a football player in there
Trading range again, look at what Ichan did with NETFLIX. Board needs to go. Al Gore? And a Cosmetics lady?Are you serious?
And all sorts of negative articles out and Short Interest spiked. Now Carl Speaks again, it's like shorts are running for cover....
Icahn Enterprises Chairman Carl Icahn explains why he sees so much value in Apple, and why he is criticizing the board and not the management team at Apple over not having a buyback. "The board should be listening to guys like me and its shareholders," he says.
"They are seasoned people but if one is seasoned in playing tennis, it does't mean they ar seasoned in brain surgery"
Classless Richard Sherman, classless fans that throws food on an injured player, classless coach ..... They are what is wrong with the NFL