Tuesday, May 7, 2013

Einhorn adds to iPhone maker Apple stake awaits blockbuster product

The Star Tuesday 7th May, 2013

Apple position or the size of its current holdings. At the end of 2012, the $8.8 billion Greenlight Capital held 1.3 million Apple shares, according to a regulatory filing. At the market close on Monday, the shares were worth about $600 million. Einhorn, one of the $2 trillion hedge fund industry's most closely watched investors, had been pushing Apple to return some of its massive cash pile to investors. He said Apple's roughly 17 percent stock price decline in the first quarter led to the biggest loss in the Greenlight investment portfolio in the period. He added, however, that Apple took a ...

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Source: http://www.asiabulletin.com/index.php/sid/214356331/scat/d805653303cbbba8

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