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.
Date: August 14, 2013
Questions for Discussions:
- Why do investors like company buy-backs?
- Is Icahn right in his arguments?
- Would you be a buyer of Apple today?