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Apple Inc. Message Board

  • appolona03 appolona03 Jan 30, 2013 6:47 PM Flag

    Stocks That David Einhorn is Bullish About (Part I): Apple Inc (AAPL), Marvell Technology Group Ltd (MRVL)

    As of September 2012, Apple was the biggest position in his portfolio. With more than 1 million shares, Apple accounted for 12.2% of his total portfolio. Apple closed the first quarter 2013 with a quite strong balance sheet. It had $16 billion in cash, $23.7 billion in short-term marketable securities, and nearly $97.3 billion in long-term marketable securities. The cash, short-term, and long-term marketable securities combined were more than $137 billion. Subtracting that from the market capitalization of $436 billion, Apple is priced at around $300 billion, valued at 5.12x EV/EBITDA. Thus, Einhorn continued to be bullish on Apple in a long run.

    He is slightly richer than Cramer. Cramer keeps consulting with his daughter.

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