Jul 20 2010

Einhorn Stocks Up on Apple

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 [...]

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