Einhorn says Apple has "Depression mentality": CNBC

Thu Feb 7, 2013 9:06am EST

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(Reuters) - Apple Inc is hoarding cash because of a "Depression-era mentality" and needs to unlock more value for shareholders, Greenlight Capital's David Einhorn told CNBC on Thursday.

Einhorn said Apple should issue preferred shares with a 4 percent yield, adding that if Apple issued $500 billion in such stock, it could unlock $320 per share in value.

(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)

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