Investor Carl Icahn Believes Apple Stock is Worth $200 Per Share; Wants Apple to Ramp Up Buyback

Discussion in 'Apple iPad News' started by dgstorm, Oct 9, 2014.

By dgstorm on Oct 9, 2014 at 10:49 AM
  1. dgstorm

    dgstorm
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    For any of our members who are investors in Apple stock, or who are simply interested in how well the company is doing, here's an intriguing story for today. Famous investor Carl Icahn has such high praise for Apple and its business right now, he publicly stated his belief that Apple's stock is greatly undervalued right now.

    Icahn believes that Apple's stock is worth $200 per share, which is roughly twice its current $101 value. Additionally, Icahn believes in Apple's near-future so much, he is suggesting the company ramp up its stock buy-back program. This will have the double effect of having the company invest in itself and will further drive up the stock price.

    Icahn shared:

    Icahn also shared he believes analysts are predicting Apple's projected earnings too conservatively. He believes Apple's revenue will move 25% and earnings will surge 44% to $9.61 a share next year, based upon massive sales of the iPhone and the success of several of Apple's products, including Apple Pay.

    Here's a quote with more of the details why Icahn is so bullish on Apple stock right now,

    Source: Yahoo Finance
     

Comments

Discussion in 'Apple iPad News' started by dgstorm, Oct 9, 2014.

    1. s2mikey
      s2mikey
      Uh oh.... He's one of those investor vultures that usually makes life miserable for a lot of people to get what he wants. Go away, go find some other company to screw with.
    2. Ser Aphim
      Ser Aphim
      Well what can we expect? Lots of greedy and selfish business man out there, makes life harder for lots of people.

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