Got a tip for us? Share it...

Russian Billionaire Buys $100 Million in Apple Stock

With Apple's stock price at its lowest levels since 2011, Russian billionaire Alisher Usmanov -- one of the main investors behind the Digital Sky Technologies investment group -- has purchased $100 million of Apple stock, reports Bloomberg.

Usmanov
“I believe in the future of this company even after Steve Jobs,” Usmanov, 59, said in an interview at Bloomberg’s Moscow offices, referring to Apple’s late co-founder. “When the company lost $100 billion of its market value, it was a good time to buy its shares, as the capitalization should rebound.”
Usmanov is estimated to be Russia's richest man with a fortune worth $19.8 billion.

Top Rated Comments

(View all)

16 months ago
In Russia, Apple stock buys you!
Rating: 27 Votes
16 months ago
I honestly think that the people who claim that apple are doomed, are stupid. Seriously, even thing the profits this auareter weren't the highest, ask yourselves this: what product was launched in this quarter? Nothing! No announcement this quarter. So how can someone realistically expect record-breaking charts?
Rating: 14 Votes
16 months ago
Buy low, sell high. Sounds like a winning strategy. Seems like such a simple concept, yet the majority of folks do the opposite.
Rating: 7 Votes
16 months ago
Just invest 10% of his money on me, then I would be extremely happy :)
Rating: 5 Votes
16 months ago
Sounds like a wise move
Rating: 5 Votes
16 months ago


:p
Rating: 5 Votes
16 months ago

The investment gurus are out in full force in this thread again! Tell me, why are you guys here rather than making millions investing in stocks? And no, "I don't have much to invest" isn't an answer. You know better than analysts do. Convince others to invest their money and take a cut. You can do it! :rolleyes:


Rule #1: Those who talk about what they are investing in the most, are doing it the least.

There is no Rule #2.
Rating: 5 Votes
16 months ago
Ptooey!

Pin money.

A mere bagatelle.

Money found in my couch cushions.

Wait until the news hit about MY stock purchase.

I can say no more now...:cool:
Rating: 4 Votes
16 months ago

Should have invested 1 Billion. Now we're talking :cool:

Jumped about 10 points today. Nice :apple:


It's jumped about 10 points every day for the last five days. AAPL is completely under-valued right now. If I had a $100M to invest, it is where I would put it. I already put a load of my investment money in AAPL for the long-term. I don't think the stock has seen its high even at $700. Too bad, my investment money is nowhere near the $100M this guy can throw around. He's going to make some serious cash.
Rating: 4 Votes
16 months ago
He reminds me of the Russian guy in the movie "2012"
Rating: 4 Votes

[ Read All Comments ]