LIVE: David Einhorn's Conference Call With Apple Shareholders

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Michelle deBoer-Jones
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Apple Inc. (NASDAQ:AAPL)’s $137 billion cash stash is the topic of a webcast being hosted by David Einhorn’s Greenlight Capital hedge fund. David Einhorn believes the tech giant should issue perpetual preferred stock to investors in order to return some of that cash to investors. He even filed a lawsuit against Apple Inc. (NASDAQ:AAPL) over the issue. His lawsuit takes issue with Proposal #2, which is one of the proposals up for a vote at the next shareholder meeting later this month. David Einhorn believes that the proposal will limit the company’s ability to distribute preferred stock in the future, although Apple…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.