More on Einhorn and Apple (AAPL): The company needs to use the same level of creativity with its...

|About: Apple Inc. (AAPL)|By:, SA News Editor
More on Einhorn and Apple (AAPL): The company needs to use the same level of creativity with its balance sheet as it does to produce products, writes Einhorn. Every $50B of perpetual preferred stock distributed would unlock about $32/share of value, he says, and Apple has the capacity to distribute several hundred billion. "Greenlight is alarmed that Apple is attempting to eliminate preferred stock from its corporate charter." Shares  +0.7% premarket.