It must be nice to have a few billion to play with in the stock market. Icahn has that much and more.
Today Icahn is buying more shares of Apple (AAPL) because he thinks it is so cheap that it is a no-brainer.
Icahn says that if you back out the cash on the balance sheet the current valuation is a free cash flow yield of over 18%.
He thinks that is ridiculous for such an incredible company.
Watch the video below as Icahn discusses Apple further: