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Activist investor and major Apple Inc shareholder Carl Icahn said the iPhone maker's stock should be trading at $216 Joe Blanton Jersey , far above its record high of $124.92 hit on Wednesday.

Carl Icahn said the iPhone maker's stock should be trading at $216, far above its record The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York April 22, 2014.

At $216 per share, Apple - already the world's most valuable company - would be worth about $1.3 trillion, or about the size of South Korea's gross domestic product.


The company is valued at just over $700 billion currently.


Icahn said Apple should be trading at 20 times earnings per share, which taken together with net cash of $22 per share works out to $216 per share.


"This is why we continue to own approximately 53 million shares worth $6.5 billion, and why we have not sold a single share," Icahn said in a letter to his Twitter followers.


"Also, to the extent Apple introduces a TV in FY 2016 or FY 2017, we believe this 20X multiple is conservative," he wrote. (bit.ly1zWWQPd)


Icahn, one of Apple's top 10 investors, has long urged the company to buy back more shares and raise its dividend.


He said in October that Apple shares could double in value and urged the board to buy back more shares using its cash pile. At the time, the shares were trading at $100.


"...We look forward to the capital return program update in April, anticipating it will include a large increase to share repurchases," Icahn wrote.


Apple had cash reserves of about $178 billion as of Dec. 27, enough to buy IBM or the equivalent of $556 for every American.


Apple said last April it would return more than $130 billion to shareholders by the end of 2015.


According to StarMine's intrinsic valuation model, Apple should be trading at $140.90. That implies a compounded annual earnings growth rate of 9.9 percent over the next 10 years.


Apple shares closed 2.3 percent higher at $124.88 on the Nasdaq on Wednesday. Up to Tuesday's close, the stock had gained more than 22 percent since Oct. 9.

The city has some of the best architecture in France and is drenched in history. Due to the French pilgrim routes of Santiago de Compostela, three places of worship here have been put on the World Heritage list by UNESCO; Saint Andr锟? Saint-Seurin and Saint-Michel cathedrals. Easy Bordeaux car hire booking

The surrounding region has everything wine connoisseurs and culture junkies could ever want. From the city, you can take some fantastic daytrips from Bordeaux to the outlying areas, one of the best ways to get to know and love this picturesque southwest corner of France.

Knowing more about the wine you are tasting really adds to the whole experience. Taking a daytrip from Bordeaux to the Maison de Vin de Bordeaux will give you the ability to separate the good from the bad and the good from the excellent. Here you will be taught all about the grape varieties and how the soils and climate of the area have contributed to the end product.

You will also be told how the wine makers of the area find harmony and equilibrium in their wines through the ageing process. At the end of the tour, you will be given the chance to sample some of the wine you have been learning about and learn how to describe what is going on in your mouth after you tip the glass. You are now officially a wine buff!

So, let锟絪 put your new found skills to the test. Venturing an hour out of the city, take the Fortified Towns road, a magical experience for the wine lover. The route is line with vineyard upon vineyard and the subsequent wineries that go with them. You can stop off at any of them and sample the glorious wines in this largest of the Bordeaux regions.

By selling direct to the public, the wineries are excellent value if you fancy picking up the odd bottle (or four) of your favourite plonk. The region itself is located between the Dordogne and Garonne rivers and you can find anything from fruity, lively reds to sweet whites.

Need to burn off last night锟絪 over indulgence? Another great daytrip from Bordeaux is hiring a bike and cycling to the Dune du Pyla. The 2-hour journey covers a road distance of 30 miles (50kms) as it meanders its way through aromatic pine forests to the dunes and the ocean. Bordeaux vehicle hire At three miles (five kilometres) long, the Dune du Pyla is enormously impressive, so make sure and bring your camera.

For locals and tourists who love seafood, in particular oysters, the Bassin d锟紸rcachon is the place to go. If you want to see and be seen in this area, then head to Cap Ferret beach. The seafront location, the amazing food and the undisturbed views of the ocean will make this a daytrip from Bordeaux you won锟絫 forget.

Whichever daytrip from Bordeaux you decide upon, you can rest assured that you will meet wonderful people, eat wonderful food and of course, drink the best wines in the world.

Author's Resource Box

Andy Burrows is a travel websites connoisseur and uses the best of them to plan his vacation in Bordeaux and the pretty surrounding region.

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