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
01/13/201703:02:00Apple Sets Its Sights On Films, Television -- WSJ
01/12/201720:52:00Pandora Cuts Jobs, Projects Strong Fourth Quarter -- 2nd Update
01/12/201705:59:00Apple Sets Its Sights on Hollywood With Plans for Original Content
01/12/201703:03:00Smartphones Turn to Software Advances -- WSJ
01/11/201708:29:00The Next Big Thing in Smartphones? The Software
01/10/201718:31:29Statement of Changes in Beneficial Ownership (4)
01/10/201705:27:00Correction to WeChart Article on Monday
01/09/201712:06:00MARKET SNAPSHOT: Stock Market Slips Ahead Of Corporate-earnings...
01/09/201710:11:00MARKET SNAPSHOT: Stock Market Dips Ahead Of Corporate-earnings...
01/09/201708:10:00China's WeChat Applauds Apple, Even As It Unveils a Challenge
01/08/201714:00:00Why Apple's Critics Are Right This Time
01/07/201703:02:00Apple Performance Slips, CEO's Pay Cut -- WSJ
01/06/201719:37:00Apple Cuts CEO Tim Cook's Pay, Citing Performance -- 2nd Update
01/06/201716:36:00Apple Cuts CEO Tim Cook's Pay, Citing Performance -- 2nd Update
01/06/201709:59:00Apple Cuts CEO Tim Cook's Pay, Citing Performance -- 2nd Update
01/06/201709:31:00Apple Cuts CEO Tim Cook's Pay, Citing Performance -- Update
01/06/201709:10:00Apple Cuts CEO Tim Cook's Pay, Citing Performance
01/06/201708:08:05Additional Proxy Soliciting Materials (definitive) (defa14a)
01/06/201708:02:09Proxy Statement (definitive) (def 14a)
01/06/201703:02:00Apple's App Store Steps Up Sales -- WSJ

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