This call and webcast ended a little while ago. David Einhorn did a very good job of explaining his idea behind ingeniously named iPrefs, only slightly marred by the brain dead questioners who began the Q&A segment. We think the theme of perpetual preferreds is applicable to many companies including tech names such as Microsoft (MSFT) about which I wrote last week. Einhorn’s suggestion highlights the still unmet demand for yield. We certainly hope MSFT takes note but it’s an interesting theme for other companies to consider as well.
http://www.sl-advisors.com/wp-content/uploads/2013/04/logo1.jpg 0 0 Simon Lack http://www.sl-advisors.com/wp-content/uploads/2013/04/logo1.jpg Simon Lack2013-02-21 17:40:532013-02-21 17:40:53David Einhorn's Conference Call on Apple