Hedge fund titan Leon Cooperman has been selling Apple (AAPL) but buying battered Freeport...

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7footMoose Comments (2242)
 
Leon has been reading about Apple's plan to destroy the IPhone with a wrist device and he has questions about who in his position would give up their Rolex for such an object.
2 Jan, 05:50 PM Reply Like

vandagreenwood Comments (25)
 
true enough but they may make one in solid gold
2 Jan, 05:52 PM Reply Like

jswieter Comments (112)
 
How can you trust anyone whose name is "Leon"?
2 Jan, 06:00 PM Reply Like

drmwsunner Comments (66)
 
Another rich guy spills his plan and wants you to buy his new investment FCX. These guys all get the chance to beat up AAPL with the CNBC morons salivating with his every word.
2 Jan, 06:09 PM Reply Like

dhoadlab2 Comments (15)
 
drmwsunner sums up my thoughts nicely.
2 Jan, 06:13 PM Reply Like

rocback Comments (592)
 
Jim Bob over at McMoran screwed up with his latest purchase. Apple has started its usual slingshot effect two days ago. That trade sounds like a double loser
2 Jan, 06:25 PM Reply Like

krichard Comments (102)
 
He simply sounds like a hedge fund manager talking his book; just remember, if his mouth is moving he's probaly.......
2 Jan, 06:28 PM Reply Like

Jack Baker Comments (393)
 
Leon is a buffoon. He doesn't run a hedge fund. Omega is a mutual fund on roids that doesn't short stocks. A "hedge fund" should be hedged. Omega is not.

Just another old overpaid Goldman guy.
2 Jan, 06:32 PM Reply Like

wallberg Comments (14)
 
LEON TELLS CNBC! Well isn't that nice and CNBC just drools over this! They spent the whole day giving out out negative reports reference the FISCAL CLIFF results. They should stick to STOCKS and leave the Washington results to Lou Dobbs. Their heads have grown too big and Rick Santelli feels he has to SCREAM all the time! Now watch CNBC help Leon get his price up on FCX!
2 Jan, 06:55 PM Reply Like

zebpack Comments (9)
 
The truth is that Leon had sold part of his position and stills retains a large position. He thinks Apple is a great company. He is concerned about Apple's cash management. I prefer to let Apple do what they think is right with their cash. I think Apple will establish an annual dividend increase of sustainable proportion. I think this is a better strategy than a special dividend. My initial purchase of Apple stock was at 85. I am now receiving a 12.5% dividend on that investment. I expect a dividend increase again this year and that percentage will increase.
2 Jan, 07:23 PM Reply Like

ArmchairHero Comments (79)
 
I'd be concerned about AAPL's cash too if you saw what most of their holdings were managed by unknown Braeburn Capital.

AAPL's cash horde is a large hedge fund itself, should be managed by the best of the best.
2 Jan, 11:44 PM Reply Like

7footMoose Comments (2242)
 
FYI: Breaburn is a type of Apple.
3 Jan, 04:51 AM Reply Like

Jack Baker Comments (393)
 
"a large hedge fund"? LOL, there are no 120 billion dollar hedge funds.
3 Jan, 10:12 AM Reply Like

rperson Comments (366)
 
Must be cool to be referred to as a "Titan" even if your name is Leon. That said, why would anyone care, believe or give the slightest bit of brain power to pondering anything the head of a hedge fund has to say? Any time they say something publicly they're just trying to play the retail investor for their own gains.
2 Jan, 07:28 PM Reply Like

johnofarizonaoregon Comments (217)
 
Notice the spelling of Leon. Reverse order and capitalize the N instead of the L and you have Noel. Do the opposite of Leon and you will have a very early Noel (Christmas) gift. FCX might be going up another $15-$20 this year, but AAPL will approximately double from its 2012 low.
2 Jan, 08:58 PM Reply Like

larrydell Comments (6)
 
Cooperman never said he was out of APPL he still has a significant position and I think he said they might have added to the position recently. He basically said he lightened up as the stock was running towards 700. He took profits on part of his position.
Cooperman is a very highly skilled and successful stock picker with a really great track record. Not a fast money guy roughly 1/3 of his fund is his own money. If I am correct he only had 2 or 3 down years out of the last 25 and way out performed the mkt in those.
2 Jan, 10:31 PM Reply Like

rrosey2 Comments (388)
 
As far as CNBC: I only watch it to follow NASDAQ.

It is annoying to watch political diatribes instead of business news.

If BLOOMBERG had streaming NASDAQ I would never watch CNBC
3 Jan, 01:29 AM Reply Like

bikerron1 Comments (335)
 
You are so right. CNBC has become political diatribes instead of business news.
They need to get back to the business news.
3 Jan, 05:01 AM Reply Like

ryanhunt Comments (4)
 
Apple's reluctance to return cash is what is going to give it the fuel to keep growing.
3 Jan, 05:03 AM Reply Like

mullings Comment (1)
 
Said hedge fund titan would be fortunate to do 35.56% gain....which Apple has done in the past year. You don't need to be in the exclusive, restrictive hedge funds to do well. I'm not impressed with his holdings
3 Jan, 05:06 AM Reply Like

rjj1960 Comments (1027)
 
With AAPL's cash hoard, they can buy FCX outright or just about anything. As far as CNBC, that channel is a rag and not worth the time to view it. Bloomberg does a much better job without the games and jokes. Does anyone remember the time Enron was going under and the clowns at CNBC had a clock posted on the bottom right of the screen. A bunch of us emailed them and stated what a low class thing they were doing, in 10 minutes it was gone. Do yourself a favor, just don't watch that cartoon channel.
3 Jan, 07:36 AM Reply Like

vandagreenwood Comments (25)
 
I can hardly watch CNBC anymore and actually Bloomberg puts on more news. CNBC in the morning seems more like a Fox news channel pushing the GOP views. What happened to business??
Not much Appl left and am keeping the faith but that too is getting tougher to do.
4 Jan, 05:27 PM Reply Like