Is Apple’s next product iPref?
David Einhorn sure hopes so. As reported earlier, the hedge fund manager held a conference call today with other Apple shareholders to discuss a way they can get more of the company’s cash pile. Einhorn’s solution revolves around a concept called iPref, which basically allows indefinite dividends on stocks. He argues this solution will greatly benefit shareholders, while also allowing Apple not to touch its pile of money.“iPrefs don’t interfere with whatever Apple’s business plan is. … They are a form of equity, not debt.” [Source: AllThingsD]
