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
07/03/201511:21:02Apple, Inc. Design Guru's Promotion: Good or Bad?
07/02/201519:42:36Antitrust Cops Swing A Big Stick
07/01/201517:30:30Hewlett-Packard Officially Files to Split
07/01/201511:25:48Saudi Prince Pledges $32 Billion to Good Causes With Women's...
07/01/201511:20:02Hidden in Kantar Worldpanel’s Report, a Worrying Sign for Samsung
07/01/201509:09:02iOS 9's Privacy Features Put Apple Inc At Odds With Advertisers
06/30/201516:00:03Amazon's Hidden Internet of Things Advantage
06/30/201515:22:03Apple Music Could Be a Major Win for Investors in Apple Inc...
06/30/201513:23:00Apple Loses Federal Appeal in E-Books Case -- 3rd Update
06/30/201512:41:00Hagens Berman: Court Affirms Potential $450 Million Settlement...
06/30/201512:18:25Apple Loses Federal Appeal in E-Books Case -- 2nd Update
06/30/201511:53:14Apple Loses Federal Appeal in E-Books Case -- Update
06/30/201511:00:06Apple Loses Federal Appeal in E-Books Case
06/30/201511:00:02Did LG Solve Apple Watch’s Biggest Problem?
06/30/201510:50:30Apple Loses Federal Appeal in E-Books Case
06/30/201510:00:02Why Twitter Inc. Is Investing Heavily In Artificial Intelligence
06/30/201503:40:08Sony Plans $3.6 Billion Stock, Bond Offering
06/30/201502:56:12Imagination Technologies Fiscal Year Pretax Loss Widens as Investment...
06/29/201520:04:11High Expectations Play in Background of Apple Music's Debut
06/29/201516:57:028 Charts to Celebrate the iPhone's 8th Birthday

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad