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Icahn saying that a company is undervalued isn't meant as idle chatter. He has in the past repeatedly tried to buy out companies that he has thought to be unde
by slapshot 13y ago
Icahn saying that a company is undervalued isn't meant as idle chatter. He has in the past repeatedly tried to buy out companies that he has thought to be undervalued. It seems shockingly unlikely that he'd try to LBO Apple, but if there is one person who could do it, it'd be him. A buyout offer can drive stock prices up 25% - 50+%.
The fact that the message came through Twitter rather than a press release doesn't matter: the markets moved because Icahn is buying up Apple stock.
- sologoub 13y agoThe reason I would still call that an emotional, rather than logical response is that these Tweets don't have much to base a valuation on. For example, what is a "large" position or "larger" buyback in actual dollars? You have to estimate and guess. At the end of the day, Cook and Icahn may not agree on anything concrete and all of this would have been vapor. That said, it doesn't mean you cannot be opportunistic and make some money on the ups and downs this thing generates.