Does Einhorn's Apple Preferred Stock Push Make Sense?
by Ilir Shkurti
Greenlight Capital founder David Einhorn made waves in the financial media last week after he took an activist stance on Apple's (NASDAQ: AAPL). He wants the company to unlock the value of its sizable cash hoard. Einhorn wants Apple to issue perpetual preferred shares to all existing common shareholders. Perpetual preferred shares are a debt-like security that entitles holders to a fixed-percentage dividend based on its face value. read more »
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