CGM’s Heebner Bets Against Apple Shares as Institutions Cut – Bloomberg 02-26-14

Salient to Investors:

Kenneth Heebner at CGM Focus Fund shorted Apple during Q4 2013.

Morgan Stanley said institutional ownership of Apple shares has been declining as funds question the company’s ability to increase revenue long-term – the 30 largest stockholders own a record low 30 percent of shares outstanding, versus the peak of 40 percent in 2009.

Read the full article at http://www.bloomberg.com/news/2014-02-26/cgm-s-heebner-bets-against-apple-as-institutional-investors-cut.html

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