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
12/02/201603:02:00Trump Warns Companies on Jobs -- WSJ
12/02/201602:10:00Trump Warns Firms Will See Penalties if Jobs Leave the U.S.
12/01/201619:45:00Donald Trump Warns of Penalties If U.S. Firms Take Jobs Abroad
12/01/201615:30:00Fitbit Set to Acquire Smartwatch Maker Pebble
12/01/201615:14:00Fitbit Set to Acquire Smartwatch Maker Pebble
11/30/201608:00:00Apple Turns (RED) with More Ways than Ever to Join the Fight...
11/30/201602:30:00Global Smartphone Shipment Gains Evaporating
11/30/201602:10:00U.K. Passes Broad Surveillance Bill That Critics Say Goes Too...
11/29/201618:46:00IDC Projects Smartphone Shipments to Rise Less Than 1%
11/29/201602:40:00Apple Wins Battle With Banks Over Mobile Payments
11/29/201602:22:00Apple Wins Battle With Australia Banks Over Mobile Payments
11/28/201605:30:00Apple iPhone With Curved Screen Could Come as Soon as Next Year
11/28/201605:17:00iPhone with Curved Screen Could Be In Stores Next Year
11/27/201621:10:00Huawei's New Phone Faces Frosty Reception in U.S.
11/25/201608:10:00Stripe's Valuation Nearly Doubles to $9.2 Billion
11/25/201607:00:00Retailers Vie for Black Friday Dollars
11/22/201618:31:51Statement of Changes in Beneficial Ownership (4)
11/21/201614:08:00Apple to Replace Faulty Batteries in iPhone 6s Devices -- Update
11/21/201609:50:00Facebook to Add 500 Staff in U.K.
11/21/201600:10:00Apple to Offer Free Replacements of Batteries for iPhone 6s With...

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