Major Apple Shareholder publishes open letter saying that Apple share price is dramatically undervalued. He says the stock price should be $200 right now.
Carl Icahn published an open letter to Apple CEO Tim Cook. He says that Apple shares are dramatically undervalued. The price should be double, he says. This means AAPL should trade at $200 right now. Because of this Icahn urges Apple CEO Tim Cook to buy back more shares quicker.
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The open letter is not criticizing Tim Cook. He is actually applauding him for his performance. The letter also explores areas Apple should explore like 4K Ultra HD TVs.
Carl Icahn holds about 53 million shares of Apple.
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You can read the full Carl Icahn letter on his Tumblr.