Why is David Einhorn suggesting Apple should issue iPrefs Does it make sense in perfect capital markets Why?

Why is David Einhorn suggesting Apple should issue iPrefs Does it make sense in perfect capital markets Why?

Einhorn feels that Apple shareholders aren’t seeing the value of all this cash. That’s because if a company holds tons of cash and isn’t paying out the cash (or using the cash), it tends to get discounted by the market. Einhorn thinks Apple should consider issuing perpetual preferred stock to all shareholders.

Where is David Einhorn?

He has three children with Cheryl. Einhorn lives in Westchester County, New York.

Did Apple issue iPrefs?

Click here to get your 24-page Ultimate Cheat Sheet to Apple’s Stock now! In addition to filing the court case, David Einhorn’s Greenlight asked Apple to start issuing preferred stock options called iPrefs, which have a base value of $50 and pay a dividend of $2 per year indefinitely.

How did David Einhorn make his money?

David Einhorn started his career with the hedge fund Siegler, Collery & Co. In 1996, Einhorn founded Greenlight Capital Inc. with Jeffrey Keswin. The firm began with less than $1 million, and as of 2017, the firm had close to $10 billion assets under management.

What does Einhorn mean?

unicorn
Einhorn Name Meaning German: habitational name for someone who lived at a house distinguished by the sign of a unicorn, Middle High German einhorn. Jewish (Ashkenazic): ornamental adoption of 1. Similar surnames: Eichhorn, Horn, Anhorn, Thorn, Eichen, Schorn, Berghorn, Mehlhorn.

Who is currently shorting Tesla?

investor Michael Burry
Famed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion.

Is Tesla a good stock to short?

Even with the pull-back Tesla remains the most shorted stock. The value of short positions in Tesla is nearly 40% greater than at No. 2 Amazon, and nearly double the value of short positions at No. 3 Microsoft.

https://www.youtube.com/watch?v=BgSbS-HhrLA