February 7, 2013 / 2:06 PM / in 5 years

Einhorn says Apple has 'Depression mentality' -CNBC

Feb 7 (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.

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