6:15 PM Einhorn's Apple (AAPL) proposal is pretty much the stub stock idea made famous by Joel Greenblatt, writes The Brooklyn Investor, showing how issuing $50B in preferred would theoretically add $32/share in value. In cases where an underleveraged firm won't lever up, Greenblatt reminded an investor can and should create their own leverage using LEAPs. This spreadsheet (from May) on Greenlight's site details Einhorn's preferred idea for not just Apple, but DELL, GM, MRVL, and MSFT. Read comments
AAPL price at time of publication: $474.98. Check AAPL price now »
Focus Articles on AAPL
- Evaluating David Einhorn's Proposal To Apple by Suman Chatterjee
- Why Apple Is Still A Buy Despite Its New Industry Classification by Marshall Hargrave
- Apple Uniquely Positioned To Cash In On Android by Mark Gomes
Press Releases on AAPL
- Statement by Apple (Business Wire)
- Wi-Fi + Cellular Models of iPad mini & Fourth Generation iPad Available in China This Friday (Business Wire)
- Apple Sells Three Million iPads in Three Days (Business Wire)
Related Articles on AAPL
- Motorola Won't Sink Google's Ship by Alex Cho
- Is Intel's Haswell A Has-Been? by Tom Luongo
- How To Properly Manage A Company's Cash Hoard by George Kesarios
StockTalk on AAPL: AAPL StockTalk | Twitter AAPL | Twitter $AAPL | AAPL Instablogs
Recent Market Alerts on AAPL: All currents | Earnings | Dividends | M&A | On the move
Transcripts on AAPL
- Apple's CEO Discusses F1Q 2013 Results - Earnings Call Transcript
- Apple's CEO Discusses F4Q12 Results - Earnings Call Transcript
- Apple's CEO Discusses F3Q12 Results - Earnings Call Transcript
Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following AAPL: unsubscribe from all AAPL email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on AAPL
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Prices in this email are BATS Last Sale quotes.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001