Einhorn Was Adding To Apple While Waiting For Tim Cook To Follow His Advice
- Wednesday, May 15, 2013, 18:02
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In February, David Einhorn called on Apple’s board to leverage up the company’s pristine balance sheet and return some of its massive cash hoard to shareholders. His prescription for preferred shares called iPrefs would unlock value that was locked up in an overseas vault, Einhorn argued.
http://www.forbes.com/sites/steveschaefer/2013/05/15/einhorn-was-adding-to-apple-while-waiting-for-tim-cook-to-follow-his-advice/
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