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Apple: David Einhorn Responds to Being Labeled a 'Hustler'

The other thing I will not back down on -- and Einhorn did not seem to dispute -- is that he's in the business of maximizing his investments. While he did tell me that he's done well on his position, he's not concerned with the next $50 move in the stock, regardless of direction and, at this point, he has no plans to sell anytime soon. He still manages a hedge fund that needs to continue generating solid returns.

AAPL is down nearly 4% over the last year. It's off 13.5% year-to-date. That's not good for somebody like Einhorn, particularly when he believes in the company and intends to maintain his position in the stock. Apple can ease the brunt of this stock-related cold spell by providing other avenues for returns.

As a company, I see no reason why Apple needs to do this. They're not Microsoft (MSFT - Get Report) or Intel (INTC - Get Report). They're Apple. So don't wish for them to act like these underperformers.

I won't even say, "Be careful what you wish for." Just simply reconsider exactly why you're wishing for it in the first place.

-- Written by Rocco Pendola in Santa Monica, Calif.
Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
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AAPL $117.81 -0.19%
GOOG $750.26 0.28%
INTC $34.46 0.03%
NFLX $125.44 1.03%
MSFT $53.93 0.45%


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