Apple Should Say iCahn to This Recent Buyback Proposal
If you're getting tired of all the Apple news, it's going to be a long next few weeks. We're reaching the time of year where tech powerhouses, most notably Apple, take center stage to unveil their latest and greatest products ahead of the all-important fourth-quarter sales spike.
However, that isn't the only storyline that's finally helped the iEverything maker's share price break $500 for the first time since January... not by a long shot. In another critical development, billionaire Carl Icahn recently disclosed a stake in the tech giant. And in typical Icahn fashion, he arrived with a plan for how to juice Apple's share price. In this video, Andrew Tonner discusses the finer points of the plan, and why investors should throw their weight behind it before it's too late.
Apple's stock will need some kind of catalyst -- like a buyback -- to keep soaring. In fact, several critical things need to fall into place for the iEverything maker to continue its upward march. In The Motley Fool's special free report, "5 Secrets to Apple's Future," we outline the key factors every Apple investor needs to watch. Just click here now for your free report.
The article Apple Should Say iCahn to This Recent Buyback Proposal originally appeared on Fool.com.Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter at @AndrewTonner. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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