ADVFN - Advanced Financial Network.
HOME» NASDAQ » A » AAPL Stock Price » AAPL Stock News

Apple Share News

 Apple Inc. (mm) Stock Price
AAPL Stock Price
 Apple Inc. (mm) Stock Chart
AAPL Stock Chart
 Apple Inc. (mm) Stock News
AAPL Stock News
 Apple Inc. (mm) Company Information
AAPL Company Information
 Apple Inc. (mm) Stock Trades
AAPL Stock Trades

Einhorn: Apple Is Great Company With Great Balance Sheet

By Amy Or Of DOW JONES NEWSWIRES Greenlight Capital's David Einhorn vouched for Apple Inc. (APPL) in his speech at the Ira Sohn conference in New York on Wednesday, saying the company is a "great company with great balance sheet." He said some investors' concern that Apple can't maintain its hyper growth was based on the "misunderstanding" that Apple, like other hardware manufacturers, may suffer from a one-hit wonder. But the hedge-fund manager said Apple is a software company that can get consumers hooked onto its products through its various hardware products. The value investor said Apple's current value "isn't demanding," as "most cellphones aren't smartphones and tablets are still young and immature." On Apple's huge cash holdings, Einhorn said Apple doesn't need to give out dividends. Rather, he said the company should issued preferred shares, as it doesn't demand an immediate use of cash and poses no maturity or refinancing risk. In his over-100-page slide presentation, Einhorn commented on an eclectic range of stocks and topics, including his dislike of Martin Marietta Materials Inc. (MLM), saying the company "has a lot of problems"; and China, cautioning the nation's credit tightening may stifle economic growth. He also criticized United States Steel Corp. (X) for generating a loss despite its iron ore cost being just over a third of what its competitors had paid.

Stock News for Apple (AAPL)
DateTimeHeadline
02/22/201718:33:22Statement of Changes in Beneficial Ownership (4)
02/22/201712:21:00Apple to Open New Campus in April
02/22/201712:14:00Apple to Open New Campus in April
02/22/201708:30:00Apple Park Opens to Employees in April
02/17/201718:32:18Statement of Changes in Beneficial Ownership (4)
02/17/201718:31:16Statement of Changes in Beneficial Ownership (4)
02/17/201708:29:00BeatsX Review: If Apple's AirPods Aren't Your Thing
02/16/201710:36:00Visa Wants Your Car to Pay for Gas at the Pump
02/16/201708:30:00WWDC, Apple’s Worldwide Developers Conference, returns to San J...
02/15/201708:42:46Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/15/201708:30:00Omni-Channel Payment Processors Embrace the Times
02/15/201703:02:00Berkshire Boosted Apple Bet Before Rise -- WSJ
02/14/201719:12:00Berkshire Hathaway Discloses Increased Stake in Apple
02/14/201717:49:00David Tepper Increases Wagers On Drug Companies
02/14/201709:11:59Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/14/201706:13:30Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/13/201719:10:00Apple Shares Hit All-Time Closing High as Investors Await Next...
02/13/201716:36:00Apple Shares Hit All-Time Closing High as Investors Await Next...
02/13/201710:45:00Apple Shares Trade Above Closing High as Investors Await Next...
02/11/201709:30:00Lawyers Battle for Control of Late Pop Star Prince's Estate

Apple Computer and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US