Browsing articles tagged with " green light capital"

Did David Einhorn Sell Marvell?

Oct 24, 2012
J. Webster
Comments Off
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

Continue reading...

David Einhorn Buys More Biofuel

Sep 7, 2012
J. Webster
Comments Off
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

Continue reading...

What’s David Einhorn Doing with Marvell?

Aug 17, 2012
J. Webster
Comments Off
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

Continue reading...

David Einhorn’s Poker Look

Jul 6, 2012
J. Webster
Comments Off
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

Continue reading...