Carl Icahn Talks His Apple Book And Shares Spotlight With Son Brett

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Mark Melin
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Icahn “team” wants Apple to buy back more stock Carl Icahn doesn’t like to recommend stocks unless it is a “no brainer,” he said in a recent CNBC interview, crowing over his successful investment in Apple Computer. On the phone with CNBC’s Scott Wapner in the wake of Apple’s strong earnings report, he mused about the good fortune of finding the needle in the haystack.  “Every decade you get one of these,” Icahn said of a stock the market undervalued, harkening back to when “Nabisco sold for one when we spun of Reynolds and we knew it was worth eight.”…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.