Jul
20
2010
David Einhorn, the hedge-fund manager known for shorting Lehman Brothers before it collapsed, said he bought shares of Apple in the second quarter because the iPhone maker’s growth is undervalued, Bloomberg News reported. Mr. Einhorn’s firm, Greenlight Capital, purchased the stock at an average price of $248.09 each, or 15 times the money manager’s estimate [...]
no comments | tags: Apple, david einhorn, Einhorn, greenlight capital, iPhone, Main Category, Manager | posted in financial, Stocks
Jul
14
2010
Are hedge funds cheering Consumer Reports’ somewhat damning review of Apple’s iPhone 4? That’s the suggestion by Jason Schwarz, who writes on Seeking Alpha that the funds are awaiting what he calls an “Apple slingshot”. Shares of Apple slid more than 4 percent on Tuesday after a poor review for its iPhone 4 from Consumer [...]
no comments | tags: 'Slingshot'?, Apple, Funds, Hedge, Hoping, iPhone, iphone 4, jason schwarz, Main Category | posted in financial
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