isn't biting or spitting out Apple these days. Yet he likes the tech giant now.
Yesterday, TheStreet reported
, the DoubleLine
] chief told CNBC
that Apple is "a free cash flow machine" and that, for the next six months, he prefer owning Apple to shorting it.
At a conference last year, the star bond fund PM revealed a short position in Apple, predicting that it would fall to $425 per share. Shares eventually fell below $400, and two months ago Gundlach called Apple "oversold." Apple closed at $456.77 yesterday.
Neil Anderson, Managing Editor
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