Carl Icahn No Longer Owns Apple (AAPL)
Get Alerts AAPL Hot Sheet
Price: $166.90 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
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In an interview with CNBC, hedge fund manager Carl Icahn said he no longer owns Apple (NASDAQ: AAPL).
As recently as a few months ago he called it a "no brainer." He said he is worried about China's "attitude" toward the company.
Icahn said Apple is still a great company and cheap on a multiple basis but he is worried about China. He would consider re-entering the stock if China becomes clearer.
Icahn made a large profit from his initial investment in the stock, somewhere around $2 billion.
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