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Icahn reveals Apple stake

During market hours Carl Icahn revealed in a twitter post that he has accumulated a stake in Apple (AAPL) of about $1.5 billion. Immediately after the post the stock shot up 4%.

Icahn thinks even without growth prospects that Apple’s stock should be worth $625. Moreover, it should be a no-brainer for the company to borrow money at a low rate and buy back shares.

Market Observations | _L2, AAPL

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