FIRST AIRED: May 23, 2017

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00:00:00
well i don't think apple stock is undervalued way undervalued stocks currently trading at a hundred and thirty dollars but the billionaire activist investor has done his own math and thinks the world's most valuable company should be trading at nearly double that at two hundred and forty dollars higher than his last estimate publishing a public letter to apple c. e. o. tim cook on monday the granddaddy of shareholder activism says investors are not accurately counting up apples worth given the strength of current devices and a track record for dominating new markets it enters piece predicting apple will get into the t. v. business next year and automobiles by twenty twenty and as one of apple's ten biggest shareholders he is also not letting up on calls for more share buybacks as a way to boost the value of the stock , on the way , his steak , now rising , seven billion dollars icon has had great success with previous campaigns to get apple to return some of its record cash hoard to shareholders shares of apple rallying after his letter and the stock is up nearly fifty percent over the past year as investors bet the world's richest company