Billionaire investor Carl Icahn urges Tim Cook to buy back Apple shares, make TVs<article>
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Apple has plenty of cash on hand and the potential to generate huge revenues over the next few years, so billionaire investor Carl Icahn wants the company to spread the wealth.</p><p>
Icahn published
an open letter to Apple CEO Tim Cook on Thursday asking the company to speed up its share buyback program because Apple is “dramatically undervalued,” according to his analysis. If Apple takes advantage of its low stock price (lower than what Icahn expects it to be in the future) to buy back shares, investors who hold on to their stock stand to reap huge benefits when the market decides Apple’s worth more—way more.</p><p class="jumpTag"><a href="/article/2824177/billionaire-investor-carl-icahn-urges-tim-cook-to-buy-back-apple-shares-make-tvs.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Billionaire investor Carl Icahn urges Tim Cook to buy back Apple shares, make TVs
