Apple Inc remains undervalued and misunderstood, activist investor Carl Icahn tweeted, even as the company posted stellar quarterly results on Monday. The billionaire investor said he expects to put out an "in-depth" report within two weeks.
Icahn, who has been vocal about his belief that Apple is undervalued, has urged the company's board to buy back more shares using its huge cash pile. He has also pledged to keep his own stock out of any repurchase.
The 79-year-old, one of Apple's top 10 investors, said in February that Apple stock should be trading at $216.
Icahn, who has been vocal about his belief that Apple is undervalued, has urged the company's board to buy back more shares using its huge cash pile. He has also pledged to keep his own stock out of any repurchase.
The 79-year-old, one of Apple's top 10 investors, said in February that Apple stock should be trading at $216.
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