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Icahn urges 'undervalued' Apple to buy back more shares

Billionaire activist investor Carl Icahn said Apple Inc's shares could double in value and urged the company's board to buy back more shares using its $133 billion cash pile.

"We believe Apple is dramatically undervalued in today's market, and the more shares repurchased now, the more each remaining shareholder will benefit," Icahn said in a letter to Apple's board released on Thursday.

Icahn, who pledged to keep his own stock out of any repurchase, said Apple stock should be trading at $203.

http://www.reuters.com/article/2014/10/10/us-apple-icahn-idUSKCN0HY1BT20141010

What is the value of Apple’s stock? How do you think?