Investor Carl Icahn revealed on Twitter Tuesday afternoon that he has taken a large position in Apple (NASDAQ:AAPL) and he said he views the firm as undervalued.
He also apparently would love to see Apple shake loose some more of its huge cash pile to shareholders via a share buyback, and given the feared activist’s track record he may just get it.
Tuesday on Twitter Icahn wrote, “We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.”
Three minutes later he twitted his kicker, “Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.”