Published On: Tue, Apr 28th, 2015

Carl Icahn thinks the most valuable company is ‘undervalued and misunderstood’

Carl Icahn apple

 

Activist hedge fund manager Carl Icahn still doesn’t think investors get it. Apple’s market cap is about $760 billion, roughly double that of the US stock market’s next-largest company, Microsoft.

The company reported another unbelievable quarter with iPhone sales, earnings, revenue, and all topping expectations. Apple also announced that it would return $200 billion to shareholders over the next two years. But the Icahn is not satisfied yet.  In a tweet today (Tuesday) the 79-year-old shareholder activist said:

“Apple is still undervalued and misunderstood. Expect to put out another in-depth report within two weeks”

CARL Icahn

Icahn owns about 52 million shares of Apple, a stake that at today’s market price of $132 is worth about $6.8 billion, According to his latest filings with the SEC.

 

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