The following video is from Thursday's edition of Investor Beat, in which host Chris Hill, and Motley Fool analysts Matt Koppenheffer and David Hanson, dissect the hardest-hitting investing stories of the day.
Billionaire investor Carl Icahn has increased his stake in Apple (NASDAQ:AAPL) by 22%, and has sent a letter to Apple CEO Tim Cook, continuing his push for a massive $150 billion stock buyback. Some have accused him of having purely short-term interests as the motivation behind the move. He however, says that this couldn't be further from the truth. In the lead segment on today's Investor Beat, Matt and David discuss the feasibility of the buyback, how beneficial it would really be for the company, and what our analysts think of Icahn's real motivations.
Chris Hill has no position in any stocks mentioned. David Hanson owns shares of Apple. Matt Koppenheffer owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.