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Talking Heads Discussion
Oct 9, 2014 Headline: "Sale: Apple Shares at Half Price"" [""The intention of this letter is to communicate two things to you: (1) given the earnings growth we forecast for Apple, we continue to think that the market misunderstands and dramatically undervalues Apple and (2) the excess liquidity the company continues to hold on its balance sheet affords the company an amazing opportunity to take further advantage of this valuation disconnect by accelerating share repurchases.""] Carl Icahn's Tumblr