John Paczkowski

Recent Posts by John Paczkowski

Carl Icahn Talking Up Apple Again

icahn-thinking-of-cookBillionaire investor Carl Icahn expanded his position in Apple Wednesday, taking advantage of a post-iPhone event slide that dragged the company’s stock down more that 5 percent.

In an interview with CNBC, Icahn said he bought “quite a bit” of Apple stock today, describing his decision to do so as an easy one. “We look at the markets and look for no brainers and I think Apple is just a no brainer,” Icahn said. “… It’s just extremely cheap.”

Which is pretty much what Icahn has been saying for weeks now, ever since he announced via Twitter that he has taken a “large position” in Apple, and believes the company to be “extremely undervalued.” His theory: Apple’s stock could rise as high as $700 if it buys back shares now by borrowing $150 billion at a 3 percent interest rate to fund the purchase. “If Apple does this now and earnings increase at only 10 percent, the stock — even keeping the same multiple currently — should trade at $700 a share,” he said last month.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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