Money and Finance
- An Inside Look At David Einhorn's "big Short"
Hedge fund manager David Einhorn is taking an even harder line against Green Mountain Coffee Roasters (GMCR.O), his big short trade, claiming a recent audit committee review of the accounting issues he flagged is nothing more than a "whitewash." In an...
- Santangel’s Review: David Einhorn Financial Crisis Inquiry Commission Interview Transcript
A BIG thanks to Steve F. for passing this along. We’re in the business of identifying and evaluating great “undiscovered” investors. How do we know what to look for? In part, by studying great “discovered” investors, like David Einhorn of Greenlight...
- Motley Fool Interview With David Einhorn
Thanks to Matt for passing this along.David Einhorn is the president of Greenlight Capital and the author of Fooling Some of the People All of the Time, a compelling account of his battle with Allied Capital (NYSE: AFC). Einhorn also presciently called...
- 'macro' Forces In Market Confound Stock Pickers
More and more investors aren't bothering to pore through corporate reports searching for gems and duds, but are trading big buckets of stocks, bonds and commodities based mainly on macro concerns. As a result, all kinds of stocks—good as well as...
- Greenlight Capital Q1 2010 Letter
Among other things, David Einhorn discusses some statements that were made up by the Wall Street Journal. Link to: Greenlight Capital Q1 2010 Letter- ...
Money and Finance
David Einhorn: Hedge Funds Are Underweight Apple
David Einhorn still loves Apple Inc.
In an investor letter, Einhorn’s Greenlight Capital once again defends its Apple investment, reiterating Apple is “one of the most misunderstood stocks in the market.”
Einhorn notes some critics discredit Apple’s stock by saying too many hedge funds own its shares, deeming the ownership base fickle. But Einhorn claims hedge funds hold less than 5% of Apple’s outstanding shares, and the average fund has less than 2% of its equity assets in Apple vs Apple’s 4% weighting in the S&P 500.
“Hedge funds are actually underweight Apple,” the letter says.
The comments followed Einhorn’s remarks at the Ira Sohn Conference earlier this month that investors “assume that Apple is a hardware company” and its fate hinges on the success of a particular product. But he said Apple is a software company that can get customers hooked once it gets them to use its products.
Apple shares are up 1.2% at $578.90. The stock is up 43% this year, although it has dropped about 3% over the last two months of trading.
Here’s the full letter:
- An Inside Look At David Einhorn's "big Short"
Hedge fund manager David Einhorn is taking an even harder line against Green Mountain Coffee Roasters (GMCR.O), his big short trade, claiming a recent audit committee review of the accounting issues he flagged is nothing more than a "whitewash." In an...
- Santangel’s Review: David Einhorn Financial Crisis Inquiry Commission Interview Transcript
A BIG thanks to Steve F. for passing this along. We’re in the business of identifying and evaluating great “undiscovered” investors. How do we know what to look for? In part, by studying great “discovered” investors, like David Einhorn of Greenlight...
- Motley Fool Interview With David Einhorn
Thanks to Matt for passing this along.David Einhorn is the president of Greenlight Capital and the author of Fooling Some of the People All of the Time, a compelling account of his battle with Allied Capital (NYSE: AFC). Einhorn also presciently called...
- 'macro' Forces In Market Confound Stock Pickers
More and more investors aren't bothering to pore through corporate reports searching for gems and duds, but are trading big buckets of stocks, bonds and commodities based mainly on macro concerns. As a result, all kinds of stocks—good as well as...
- Greenlight Capital Q1 2010 Letter
Among other things, David Einhorn discusses some statements that were made up by the Wall Street Journal. Link to: Greenlight Capital Q1 2010 Letter- ...