Browsing articles tagged with " david einhorn"

Does David Einhorn Like Tofu Tacos?

Jan 18, 2013
J. Webster
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I wonder what David Einhorn, who is famously short Chipotle's stock, thinks of their new tofu tacos/burritos? He said that Chipotle is facing increasing competition from the likes of Taco Bell. I don't think Chipotle's new shredded tofu is going to change his mind much about his short thesis, but for vegetarians this might be a hit. However, when they ask you for chicken or pork at Chipotle, it would just seem odd to say, "I'd like the shredded tofu please." To each his own though, but for Einhorn, I still think he says the

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Did David Einhorn Sell Marvell?

Oct 24, 2012
J. Webster
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There's no mention of Marvell in Green Light Capital's 3rd quarter letter. It's a bit of a mystery. David Einhorn owned 18,372,247 shares of the stock at one time. But the stock has been taken to the wood shed, nearly chopped in half after they cut their guidance the past few quarters, really. The stock trades for $7.60 a share as of this writing. A little over a year ago the stock traded for around $20 a share, then it went to $15 and now it's down to almost $7 a share. Here are some details for the

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David Einhorn Buys More Biofuel

Sep 7, 2012
J. Webster
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Green Light Capital's David Einhorn likes ethanol even though corn prices have soared. He likes it so much he increased his stake in BioFuel Energy Corporation by over 10%. He now owns more than a third of the company. Obviously, Einhorn must know something about ethanol and or this company that we don't. Maybe he just has a fleet of biofuel powered cars he needs to fuel for a cross country family trip. Yeah, right. But this is no joke. Just look at the stock. Biofuel Energy Corp's stock, with the ticker BIOF, is screaming higher on the news, up

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What’s David Einhorn Doing with Marvell?

Aug 17, 2012
J. Webster
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David Einhorn of Green Light Capital owns 18,372,247 shares of Marvell, which are now down close to 16% after the company announced disappointing quarterly results and guidance. That's got to hurt. And even the best Poker player will have a tough time hiding his frustration. Roughly a year ago the stock was trading for close to $22 a share, now it's been cut in half. In Einhorn's letter to investors on July 23, 2012, he had this to say about Marvell:
Marvell Technology Group (MRVL) was the other significant loser, as its shares fell from $15.73 to $11.28 during the

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Is It Time to Buy Those Hated Solar Stocks?

Aug 1, 2012
J. Webster
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What's that saying, buy stocks when they're most hated or there's blood in the streets? If you have a long term horizon, it just might be time to look at some hated solar stocks. The solar sector is certainly hated and bloodied. And for good reason, natural gas is abundant and cheap, so who needs solar. And then all of Europe is in a financial crisis with unemployment surging and austerity plans in the works. So Spain, Italy and Germany don't have the money to pay solar subsidies and support the solar sector. Then there's China, whose own solar companies are

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David Einhorn’s Smile Tells You He’s Short Herbalife

Jul 11, 2012
J. Webster
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At about the 9:50 mark in the video below, hedge fund manager and sometime Poker player, David Einhorn, is asked about Herbalife (ticker HLF), does the smile tell you he's short or long the stock? I'd go all in that this smile tells you he's short, big time. He tries to brush off the question but there's a little twinkle in his eye as he smiles. Move your chips all in on the short side of Herbalife.

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David Einhorn Loves Apple

Jul 10, 2012
J. Webster
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Just coming off his World Series of Poker third place finish, David Einhorn appeared on Squawk on the Street to talk Apple's undervalued stock. Unfortunately, Einhorn didn't wear his Poker attire, the hat, coat and sunglasses. Einhorn thinks Apple is extremely undervalued and said it could be a $1 trillion dollar company. Which means Apple could hit $1000 a share.

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David Einhorn’s Poker Look

Jul 6, 2012
J. Webster
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David Einhorn doesn't mess around when he plays Poker. Einhorn wears a jacket zipped up to the top, a hat, and sunglasses. The Green Light Capital hedge fund manager finished 3rd in the competition (winning $4.35 million he plans to donate to charity). He looks pretty serious and kind of scary. However, despite his tough look he was beat out in the end by a bluff:
Three spades were on the table. When a fourth spade was dealt, Einhorn bet $2.2 million—he was on track for a flush. Esfandiari called. When the final card, a five of hearts, was dealt, Einhorn

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How Does David Einhorn Feel About his RIMM Shares?

May 29, 2012
J. Webster
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David Einhorn purchased 2.9 million shares of Research in Motion last quarter, I wonder how he feels about those RIMM shares today? Perhaps Einhorn, like Mark Cuban, isn't really too concerned but such a small investment or trade. Einhorn's hedge fund, Green Light Capital, has a huge position in Apple, and maybe these 2.9 million shares are just a flyer or lottery ticket. But still, for the regular person on the street, this is a huge sum. Back in mid February, when Einhorn's RIMM position was disclosed, it was worth about $44 million. Now, after Research in Motion announced

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Herbalife, Are You Aware David Einhorn Plays Poker?

May 1, 2012
J. Webster
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I'm guessing Herbalife wasn't aware that Green Light Capital's David Einhorn, the friendly hedge fund manager who asked those innocent questions on their earnings call, plays a little Poker from time to time, and quite well at that. Einhorn plays so well he finished 18th in the World Series of Poker main event. Actually, perhaps Herbalife is aware of Einhorn's Poker abilities and they're just playing their own brand of Poker, trying to bluff, while behind the scenes they're frantically trying to figure out what the hell to do. However, I don't think it's a good idea to

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