Icahn Discussed: Share Buyback Proposal Unnecessary

When it comes to the biggest names in the hedge fund industry, Carl Icahn is at the top of pretty much every list. With a portfolio value of roughly $24.64 billion, it is easy to see that Icahn is a major investor with interests in a variety of sectors.

In a recent CNBC video segment, David Faber and Jim Cramer got together to talk Icahn’s belief that there is no reason to persist with share buyback proposal in the case of Apple Inc. (NASDAQ:AAPL).

Apple Inc. (NASDAQ:AAPL)

Cramer jumped in with an interesting take, noting:

“It is the two weeks alone, $14 billion, again he cites opportunistic and aggressive. Those were the two words you wanted to see. Many of us wanted to see that. That means that Cook understands how cheap his stock has gotten and is just anxious to buy it in, and don’t forget, as you always point out, he did borrow money at the absolute low, it is cheaper to be able to buy back stock and not pay that dividend on that stock. It is a virtuous circle and those who have given up on Apple, on Carl Icahn, step back. Icahn is not giving up on it. Icahn is giving up on agitating because he got what he wanted.

For the time being, Icahn remains one of the largest individual holders in Apple Inc. (NASDAQ:AAPL). For this reason, it goes without saying that he will continue to speak up if and when he needs to. After all, when Icahn, the billionaire investor has something to say, people typically listen.

There is a lot going on in the world of Apple Inc. (NASDAQ:AAPL), with investors like Carl Icahn keeping a close watch on each and every move.

You can visit this page to learn more about Icahn’s investment in Apple, including the 3,875,063 shares that he currently holds.

Do you agree with Cramer’s assessment of Icahn’s stance? Share your thoughts in the comment section below. And of course check out the video in its entirety when you have the chance:

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!