Billionaires Love Apple Stock Again
Times change. After almost a year of driving Apple’s stock price down for no apparent reason, some positive news:
Soros Fund Management picked up 66,800 shares in Apple (AAPL), the filings showed, just a day after fellow billionaire investor Carl Icahn revealed that he had built up a “large stake” in the tech giant.
Apple’s growth is slowing down, and that did impact the price, but considering Apple’s earnings it is still undervalued compared to companies like Microsoft and Dell (Note – Not a advisor, just my opinion). This big dollar investment position by the Soros fund and Carl Icahn is not good news for the stock, however. These guys largely invest in slow growth companies with consistent results.
3Q and 4Q should be an exciting time for the company.