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Thursday, Aug 22
Icahn, Cook still talking about bigger buybacks
- Carl Icahn is at it again on Twitter. "Spoke to Tim [Cook]. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude."
- Tim definitely believes in buybacks: Between them, Apple (AAPL +0.1%) and banks authorized to repurchase shares on its behalf bought back 13M shares (nearly 1.5% of outstanding shares) in the June quarter.
- Analysts have been split (I, II) on whether adding more debt to Apple's balance sheet to further ramp buyback activity is a bright idea.
- Icahn's original Apple tweets