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I wonder how many people here read/looked at the interview. Icahn said he was interested in buying Apple again, but thinks there are market risks and that the C
by partiallypro 11y ago
I wonder how many people here read/looked at the interview. Icahn said he was interested in buying Apple again, but thinks there are market risks and that the Chinese government seems keen on interfering with American tech companies. He said that he has faith in Apple as a company, just not the stock at its current level in this environment.
All very sensible reasons to get out of a position if you think it may be dead money for a few years. He made millions/billions from his position (he did the same in Netflix and sold that entire position.) Icahn is no dummy. Those calling "activist" investors as all Gordon Gekko types, looking to gut companies, are living in fantasy. In his interview Icahn actually calls out CEOs for running companies into the ground and using golden parachutes.