David Einhorn Greenlight Capital

Fresh Off an Insider Trading Charge, Did Einhorn Sandbag Green Mountain?

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Up 21% after hours yesterday and finishing today almost 24% from yesterday’s close, it certainly seems that Green Mountain Coffee Rosters isn’t the dark and gloomy picture that David Einhorn painted in his 110 slide presentation released on October 17th of last year (presentation here).  To his credit, he makes some strong points as to GMCRs difficulties with free cash flow.  However, with several important patents on the K-cup design expiring this year, the company is defensively spending money to acquire competitors and protect the market share.  This is in conjunction with large scale research and design efforts to roll … Read more

Hedge Fund Performance in 2011 Not All Lemons

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Hedge Fund Performance in 2011 Not All Lemons Chase Coleman Hedge fund may have had a tough year, on average – Amid political uncertainty, the debt-ceiling debate in Congress and mounting fears of a European financial crisis, the Eurekahedge index, which measures average returns, dropped 4.1 percent for the year – but that is just an average. For every hedge fund that lost over 50%, like John Paulson’s Paulson & Co., there is another one that had returns in the upper double digits. Chase Coleman’s Tiger Global Management had a stellar year, posting a 45% gain through mid-December, reports Barrons. Carl Icahn … Read more