24 Oct The Lato Letter: Volume 2, Issue 13.
Carl Icahn opened a new website today called “The Shareholders’ Square Table (shareholdersquaretable.com) and unveiled a letter he sent to Apple’s CEO Tim Cook suggesting that Apple borrow $150.0 Billion and purchase Apple shares at $525.00.
I do not agree with Mr. Icahn that Apple should go to this extreme amount of a buyback but I thought you would be interested in seeing the arithmetic behind Mr. Icahn’s proposal. My work is based on a series of assumptions along with material taken from Apple’s latest quarterly report on July 23, 2013.
Food for thought as we wait for Apple’s next quarterly earnings which will be announced late Monday afternoon (Oct. 28th).
This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change without notice.
To receive The Lato Letter by email from now on, please click here.