Apple (AAPL) Court Ruling a 'Significant Win' - Einhorn
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February 22, 2013 3:30 PM EST
U.S. Judge grants Greenlight's motion in Apple, Inc. (NASDAQ: AAPL) case.... More
February 22, 2013 10:09 AM EST
On Thursday, activist investor David Einhorn hosted a 1-hour conference call discussing his 'iPrefs' ideas as the best way for Apple (Nasdaq: AAPL) to unlock shareholder value. Meanwhile, analysts at Morgan Stanley went straight to one of the primary decision makers - CFO Peter Oppenheimer.
Following a meeting with Mr. Oppenheimer, analyst Katy L. Huberty is convinced that Apple will: (1) increase cash return to shareholders, (2) expand carriers, distribution,
and possibly price points to drive iPhone growth, and (3) improve and expand its services offerings.
"Our analysis suggests... More
February 21, 2013 3:59 PM EST
(Updated - February 21, 2013 5:54 PM EST)
David Einhorn of Greenlight Capital took his case on Apple (NASDAQ: AAPL) directly to shareholders Thursday, suggesting the iPhone maker could unlock billions of dollars of shareholder value by issuing a new perpetual preferred stock he coined 'iPrefs.'
Einhorn first discussed this novel ideal earlier in the month, which triggered a direct response from Apple saying they would review the idea. Since that time, critics have come out against Einhorn's plan, calling it 'complicated.' Many say Apple should just focus on share repurchases or... More
