Posted by & filed under Company Analysis, Growth & Valuation, Management Issues.

Description: Those Apple guys must be idiots. That’s what Carl Icahn says, having bought up more than $1 billion of its shares with the sole objective of having management do the same. With more than $146 billion of cash in Apple’s (AAPL)pocket, using it to buy back shares is a “no-brainer,” Icahn told CNBC.

Source: Businessweek.com

Date: August 14, 2013

Link: http://www.businessweek.com/articles/2013-08-14/carl-icahn-says-an-apple-buyback-is-a-no-brainer-dot-or-is-it#r=nav-fst

Questions for Discussions:

  • Why do investors like company buy-backs?
  • Is Icahn right in his arguments?
  • Would you be a buyer of Apple today?

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