If buying AAPL at today's price of $100, you are really getting a $200 stock at half off. "Carl C. Icahn, the billionaire activist investor, said on Thursday that Apple is massively undervalued in the short term and urged the company to use as much as $100 billion of its $133 billion in cash reserves to repurchase shares. In a “Dear Tim” letter to the chief executive of Apple, which Mr. Icahn posted on his website, he wrote to Timothy Cook that Apple’s stock, which closed at $100.80 a share on Wednesday, is worth $203 per share today." Source