“Apple Inc remains undervalued and misunderstood, activist investor Carl Icahn tweeted, even as the company posted stellar quarterly results on Monday,” Devika Krishna Kumar reports for Reuters.
“Icahn, who has been vocal about his belief that Apple is undervalued, has urged the company’s board to buy back more shares using its huge cash pile,” Kumar reports. “He has also pledged to keep his own stock out of any repurchase.”
Kumar reports, “The 79-year-old, one of Apple’s top 10 investors, said in February that Apple stock should be trading at $216.”
Read more in the full article here.
MacDailyNews Take: Carl states the blatantly obvious.
Most people have no conception of how massive Apple is going to be. If you think Apple is big now, you’re in for quite the shock!
[Thanks to MacDailyNews Reader “David E.” for the heads up.]