Earlier we noted that we had obtained a copy of Dan Loeb’s letter to shareholders for the first quarter of 2012. The investment maven discussed his position on Apple Inc. (NASDAQ:AAPL) at length pointing to several features of the company he things most important going forward. On Apple, a stock that Third Point had picked up a position in last March, the letter reveals he has serious hopes for the future of the world’s largest company. His first comment on the company offers justification of the purchase. He cites the company’s cash flow as a necessary driver in the purchase,…
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