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Apple stock 'dramatically undervalued': Carl Icahn

It should be trading at US$240, nearly double its current price, says billionaire investor
Wednesday, May 20, 2015 - 05:50
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Mr Icahn, one of Apple's top 10 investors, has long urged the firm to buy back more shares and boost its dividend.

New York

BILLIONAIRE investor Carl Icahn said Apple Inc's stock was "still dramatically undervalued" and that it should be trading at US$240, nearly double its current price.

Mr Icahn also used an open letter to Apple chief executive Tim Cook to call for it to execute a much larger