Sign up for our free daily newsletter


Get the latest news and some fun stuff
in your inbox every day

Icahn says Apple is dramatically undervalued

You cannot keep a good man down. I had to laugh when I saw the Reuters headline: Icahn says "dramatically undervalued" Apple should trade at $240. This link above refers to the open letter to Tim Cook, the Chief Executive Officer of Apple Inc. I like the self back slapping, Carl Icahn is not short of confidence. He speaks about the company having heeded their advice: "We are pleased that Apple has directionally followed our advice and repurchased $80 billion of its shares (yielding the company's shareholders an excellent return), but the company's enormous net cash position continues to grow while the company's shares are still dramatically undervalued." Thanks Carl for that. Stop saying that you are not able to do something, rather adopt the mantra: "Icahn, like Carl". The stock closed up 1.1 percent on the day.


Other recommended stocks     Other stories about AAPL