Gundlach on Apple: ‘It’s a Fairly Safe Thing’
Jeffrey Gundlach, the CEO and CIO of DoubleLine Capital, became the latest major investor to weigh in on Carl Icahn’s perspective on Apple (NASDAQ:AAPL) stock. While talking about Apple during an appearance on CNBC earlier this week, Gundlach stated that, “I disagree with people who say it’s a no brainer.”
“That might have been true at $400, but no longer at $500,” added Gundlach. Although Gundlach didn’t refer to Icahn by name, the billionaire investor has famously said more than once that investing in Apple is a “no brainer.” Icahn is also pushing Apple to expand its share buyback program by borrowing $150 billion in funds.
Gundlach isn’t the only investor to disagree with Icahn’s characterization of Apple stock. Billionaire investor Wilbur Ross recently told CNBC, “I’m not absolutely sure that no-brainer trades exist. I have a tough time finding no-brainer trades. There’s usually a reason why somebody’s on the other side.”