Activist investor Carl Icahn today issued yet another open letter to Apple CEO Tim Cook. In it, he predictably pushes for an ever expanding increase of Apple’s share repurchase program.
More important than that, this time around Icahn is basing his valuation of the Cupertino firm in part on the prospect of the mythical Ultra HD Apple TV set and the Apple Car project, another sketchy rumor that had briefly entertained the press earlier in the year.
The feared investor is now valuing Apple at $1.4 trillion, expressing his belief that AAPL should be trading at more than $100 higher than its current valuation.... Read the rest of this post here
"Carl Icahn puts faith in Apple’s mythical 4K television set and sketchy Apple Car rumor" is an article by iDownloadBlog.com.
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