It Appears That Icahn Is Right About Apple In One Regard
- Though Icahn has overly aggressive forecasts for Apple, he has one point that appears very accurate.
- Icahn suggests mutual funds are under invested in Apple, but he has not made the case for funds actually having more cash to invest in the stock.
- Apple's PE continues to inversely relate to the market cap.
Read the full article at Seeking Alpha.
Disclosure: Long AAPL. Please review the disclaimer page for more details.