they are a pension fund, all they care is 5% to 7% annual returns, and Apple is perfect for that...so they don't want Eihorn to pop the bubble too soon.... hey, that still beats 0 to 1% interest rates. Sorry Eihorn, sell your shares and move to Linkedin if you want to speculate 50% returns.
I personally woud like 400 shares of AAPL preferred at a 4% yield. AAPL keeps it's cash hoard...income investors begin to buy AAPL...the fast money leaves...and the price of the common stocks rises. What's wrong with that?