Carl Icahn explains why Apple (AAPL) is still undervalued and misunderstood, comparing the stock to great thoroughbred racehorse Secretariat.
I remember Secretariat wining the Belmont by 30 lengths. 30 lengths! … This [Apple] is like Secretariat. Now, look, can something happen? Yeah. This is not a game where you can’t lose, but I’m telling you Apple can’t go down 30 points, either….
I’d always like to see bigger buybacks. – Carl Icahn, May 3, 2015
The full video is here.