Summary of the first “Invest for Kids” conference in Chicago
Thanks to Steven for passing the article along.
• David Einhorn, the head of Greenlight Capital and best known for making profitable bets against Lehman Brothers before its bankruptcy last year, urged buying Vodafone Group PLC because, he said, none of the 40 analysts who cover the U.K. company realize the cash-flow potential of its stake in Verizon Wireless. Delta Lloyd, a Dutch life insurer, was his second pick.
• Richard Perry, who runs a $7-billion hedge fund and rarely speaks publicly, picked HeidelbergCement A.G. “The price of rock has never gone down,” he said. Mr. Perry also favors Humana Inc., calling the managed care company “a really attractive company at a ridiculously low multiple.”
• Lone Pine Capital’s Steve Mandel, whose fund owns shares in Chicago-area companies Baxter International Inc. and McDonald’s Corp., suggested buying the Monsanto Co. and Green Mountain Coffee Roasters Inc., both of which he believes are undervalued.
- Invest For Kids Conference Notes: Kyle Bass, James Grant, Steve Romick, And Others
Via ValueWalk: Steve Mandel – Lone Pine Capital Idea: Verisign, Inc. (NASDAQ:VRSN) Lone Pine currently owns 9% of the company. Verisign, Inc. (NASDAQ:VRSN) has no net debt and about a $6 billion market cap. The company currently receives...
- 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...
- David Einhorn Tells His Side Of The Story On The Fsa's Insider Trading Fine
Prominent hedge fund manager David Einhorn, who is known for seeing problems at Lehman Brothers and publicly shorting the stock prior to the bank's demise, was fined yesterday by the U.K. Financial Services Authority. Einhorn and his fund Greenlight...
- Recent Buys
I discussed in my post yesterday about half of the changes I made to my portfolio, namely the sells that I made. Today I want to cover what I did with the proceeds from those sells. I was a bit hasty in my decision to pick up shares of dividend growth...
- Dividend Detective Work And The Verizon/vodafone Deal
The biggest deal story of 2013 is Verizon (VZ) buying the remaining 45% of Verizon Wireless that it did not own from Vodafone (VOD). The specifics of the deal are interesting and include Verizon paying a mix of cash and its own shares. Vodafone is passing...