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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
Add BT as a preferred sourcePublished Tue, May 19, 2015 · 09:50 PM
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 share buyback, returning to a longtime theme of the activist investor's campaign for the iPhone maker to boost shareholder returns.
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