Posted on 09/30/2015 1:19:37 PM PDT by Citizen Zed
Activist investor Carl Icahn is after more Apple . The billionaire said in a CNBC interview Wednesday that he was “seriously considering” getting “a lot more” shares of the consumer tech giant.
Icahn also warned investors that it’s an important time to hold onto cash given current market risks. “I would say keep cash,” Icahn said in the interview. “You’re only making 1 percent on your cash – what’s better? Making 1 percent or losing 30%?”
Icahn owns over 53 million shares of Apple as of the second quarter, according to Reuters and SEC data.
The founder of Icahn Enterprises also used the occasion to reinforce his endorsement of top GOP candidate Donald Trump. “I think Trump has a shot,” he said.
(Excerpt) Read more at fortune.com ...
i bought apple at 107
still pleased with that....
he should hold onto cash/gold/silver then buy apple when market crash
I’m bullish on brass and lead.
Apple stock is the last thing I would buy right now. If consumer spending dives then Apple can’t sell their products.
Keeping cash I understand.
I thought most Apple consumers still lived in their Mom’s basement so they can afford a mortgage on their phone and get all the other Apple goodies.
Yeah, with hundreds of thousands of jobs cut in China this week...I can see a decline in consumer spending.
Hold onto cash and eat apples.
“I’m bullish on brass and lead.”
I’m bullish on beans, bullets and Bibles.
Nike is doing pretty well...and going to split I hear.
brass lead and boom powder
He bought billions worth at $128+
I bet he got stuck and wants the stock to rise and he needs your help.
well.....my buy ain’t gonna be noticed by him, I’ll tell you that much!
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