Carl Icahn says would 'keep cash' given market risks: CNBC
Reuters
Published Sep 30, 2015 01:14PM ET
Carl Icahn says would 'keep cash' given market risks: CNBC
NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said on Wednesday that he would recommend investors hold cash given market risks and that he was considering buying "a lot more" shares of Apple Inc (NASDAQ:AAPL)..
"I would say keep cash," Icahn told cable television network CNBC. "You're only making 1 percent on your cash - what's better? Making 1 percent or losing 30 percent?," he said.
On Apple, Icahn said: "I'm very seriously considering buying a lot more of it." Icahn owned about 53 million shares of Apple at the end of the second quarter, according to a Securities and Exchange Commission filing.
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Written By: Reuters
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