Curious why Carl Icahn has a twitter account? Here's why:
We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.
— Carl Icahn (@Carl_C_Icahn) August 13, 2013 [7]
Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.
— Carl Icahn (@Carl_C_Icahn) August 13, 2013 [8]
Stock surges instantly on the surprising news: after all Bill Ackman is not short AAPL to the best of our knowledge.
And while Icahn's thesis is not unique - he basically picks up on the buyback trail where David Einhorn ends - the stock is understandably happy.
[9]
Considering earlier today Larry Ellison said "Apple is going down [10]", we are much more excited by the imminent Icahn-Ellison twitter feud than the joke that was the spat between Icahn and Ackman.