Famed investor Carl Icahn and money manager Southeastern Asset Management have joined forces to provide shareholders an alternative to Michael Dell's controversial $24.4 billion bid to take the company he founded, Dell (NASDAQ: DELL), private. Mr. Icahn and Southeastern believe that Dell's $13.65 a share offer, with private equity firm Silver Lake, is an opportunistic effort to buy the company at a bargain price.
Icahn's more »
It seems the political battle over government spending is about to heat up again. After a month and a half respite, this latest round of squabbling centers on the $1.2 trillion sequester, a mandated across-the-board set of spending cuts. If enacted, the sequester is expected to hit U.S. defense spending hard. Leon Panetta, outgoing Secretary of Defense, said that if the billions of dollars in cuts are allowed more »
The mayhem surrounding Apple (NASDAQ: AAPL) continues. Recent news that investor David Einhorn is battling the company over its enormous cash hoard certainly gained a lot of headlines. A piece having money manager Bill Miller opine that the stock could rise 50% and another article that conversely suggested it could drop to near $300 also caused investor excitement.
Yet even with all the noise, one rarely hears a compelling argument more »
Hard disk drive makers, Seagate Technology (NASDAQ: STX) and Western Digital (NASDAQ: WDC), seem to look bargain priced. Both are trading at very low PE ratios, Seagate at around 4x earnings and Western Digital at 5x. Both also offer relatively high dividend yields with Seagate at around 4.80% and Western Digital at 2.30%. They have also put up some excellent results recently.
In their latest quarter, Seagate reported more »
Whenever there's a discussion about Apple (NASDAQ: AAPL), it usually doesn't take very long for an expert to assess that the stock is "insanely" cheap.
There is little doubt that Apple's products are top quality and that the company is staffed with a talented and dedicated workforce, but I also think shareholders and potential buyers of the stock need to consider a couple of major reasons why more »