Carl Icahn thinks the stock market's most valuable … – Business Insider
Apr. 28, 2015, 11:45 AM
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Apple reported another monster quarter on Monday, with earnings, revenue, and iPhone sales all topping expectations.
The company also announced that it would return $200 billion to shareholders over the next two years.
But activist hedge fund manager Carl Icahn still doesn’t think investors get it.
In a tweet on Tuesday morning, the 79-year-old said:
Apple’s market cap is about $760 billion. Its value is roughly double that of the US stock market’s next-largest company, Microsoft.
According to his latest filings with the SEC, Icahn owns about 52 million shares of Apple, a stake that at today’s market price of $132 is worth about $6.8 billion.
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Carl Icahn thinks the stock market's most valuable … – Business Insider
