So here’s an interesting situation. Some people just have a knack for getting out of bad situations. I remember when Leucadia got out of their WilTel. It was a disaster, but they got out at break-even and walked away with a big tax asset. It sort of reminds me of a silent movie scene where…
Tag: Einhorn
Create Your Own Apple Stub
Einhorn is unhappy with Apple’s $137 billion cash hoard on the balance sheet and wants Apple to issue perpetual preferred shares to enhance shareholder value. He said in an open letter that every $50 billion of preferred shares it distributes (at 4% rate) will increase value to Apple shareholders by $32/AAPL share. First of all,…