Activist Investor Carl iCahn took to Twitter on Wednesday to boast of single-handedly boosting Apple’s stock price, and to let an adoring public know that he’d be sending an “open letter” to Apple CEO Tim Cook on Thursday.
iCahn tweeted, boasting of boosting the AAPL stock price by over 50%.
Just over 1yr ago we tweeted our large position in $AAPL & belief the company extremely undervalued. Since then, stock is up 50.6%
Great, looks like Carl will be pushing for more stock buybacks to scratch up some cash for holiday shopping.
If nothing else, the self-promoting investor’s letter should be interesting reading. Maybe he’ll weigh in on the issues with iOS 8, or the Apple Watch. Or, maybe he just has a bent iPhone 6 Plus that he wants to get replaced.
As usual, MacTrast will cover Mr. iCahn’s “open letter” when it’s released to an anxious public.
(MacTrast firmly believes that if Carl is going to continually attempt to influence Apple, he should spell his last name properly, so we, (yes, the royal we), will forever spell his surname as: “iCahn.”)