Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Carl Icahn Dances the Hora Over Apple, Does Teshuvah on Netflix

Carl Icahn apple

Carl Icahn is dancing the hora over Apple’s historic $18 billion sales, the largest of any company in history. While Icahn is in good company among hedge fund managers who have a piece of Apple, it was Icahn that declared in October that Apple was a “no brainer” investment  that was undervalued and has been the best stock to buy in a decade. This wasn’t necessarily a foregone conclusion, since, in recent memory, some were calling the company’s demise after the passing of Steve Jobs and not too long ago, questioned its mobile strategy, which now comprises 69% of sales. Icahn is pleased with Apple, but there is always room for improvement; as he has said in the past, Apple should enlarge its buyback.

Carl Icahn occasionally makes mistakes, but he will admit them publicly if his son, Brett, turns out to be right. As reported by Benzinga, Carl Icahn said he erred and his son Brett and his fund’s co-manager David Schechter were right that Icahn had gotten out of Netflix too soon and should have given it a chance. “What I was worried about and conservative about Netflix, and obviously wished I hadn’t been as conservative, was ‘net neutrality.’ However, that one storm cloud has gone away.”

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement