Greenlight Capital's David Einhorn has been getting clobbered on his Tesla short position, just like every other hedge funder who has been somewhat sensibly betting against CEO Elon Musk's surging stock price and $50-billion market cap. He says there's a Tesla bubble, and even Musk would probably admit that he's right. Show More Summary
Having returned 5.9% in Q1, or just shy of the overall market's 6.1% return, it was not surprising to find the mood in Dan Loeb's just released Third Point letter to be far more uplifting than in the recently posted David Einhorn letter (whose punchline was "The Longs Say Stocks Can Only Go Up, Seemingly To Infinity And Beyond. Show More Summary
Trump tax plan is (kind of) here; David Einhorn might need to revisit his dot-com bubble analogy; "White Collar Crime Zones"; and more.
In other words, Greenlight Capital remains short Tesla.
David Einhorn may write in his latest quarterly letter to investors that "from a portfolio perspective, this quarter was a quiet one" but based on his activity the famous poker playing hedge fund manager was quite busy. Among his various...Show More Summary
Greenlight Capital's David Einhorn just laid out what's going on with his activist move on General Motors. Earlier this year, hedge fund manager Einhorn announced he had increased his position in the car company. The activist investor...Show More Summary
David Einhorn's Greenlight Capital is out with its first quarter letter to investors. The fund delivered 1.3% net of fees in the first quarter, below the S&P 500 index return of 6.1%. Einhorn identified his short position in Tesla as...Show More Summary
"It is clear that the rating agencies relied upon – and were misled by – the company," Greenlight Capital says.
The saga to get General Motors (GM) to split its shares continues. This morning hedge fund Greenlight Capital nominated three people to the automaker’s board of directors. David Einhorn, president of Greenlight Capital Inc Bloomberg News Greenlight’s David Einhorn has been pressuring GM to split its shares. One would entitle shareholders to a dividend, the other […]
This morning David Einhorn‘s hedge fund Greenlight Capital nominated three candidates for election to General Motors board of directors. Shares have gained 0.12% in pre-market trading on Wednesday to $33.96. A 13F filing released in February showed that Greenlight owned more than 13.1 million shares of the automaker (GM) as of Dec. 31, a decline of 3.8 […]
David Einhorn, the activist investor who has proposed that General Motors create two classes of stock, has accused the company of misleading credit rating agencies about the plan. Einhorn told Business Insider rating agencies are getting...Show More Summary
DETROIT (Reuters) - General Motors has reported in a regulatory filing that CEO Mary Barra's salary, bonus and awards declined more than 20 percent in 2016 to $22.6 million from $28.6 million in 2015. The company said this reflected a one-time retention bonus of nearly $11.2 million in stock options in 2015. Last week, No. Show More Summary
General Motors outlined contacts with hedge fund manager David Einhorn who went public last week with a plan to boost GM's value.
Submitted by Nick Colas of Convergex Is Public Equity A Broken Concept David Einhorn’s proposal to GM that it split its stock into dividend and capital appreciation shares got us thinking about the bedrock principles of public equity ownership. Show More Summary
Einhorn's plan for GM limits the firm's financial flexibility and increases risk during downturns, Breakingviews says.
Greenlight Capital’s David Einhorn is certainly creative, but his stock split proposal for General Motors (GM) is a non-starter. This blog pointed out yesterday that GM is blowing off Einhorn’s suggestion the way Apple (AAPL) did with his ‘iPrefs’ idea. Now the rating agencies are expressing their disapproval. Moody’s and S&P have called the structure credit negative, says […]
Greenlight Capital's David Einhorn is gunning for General Motors. The investor has turned activist and rolled out an unprecedented proposal to create two classes of GM stock, one driven by growth and the other supported by a permanent...Show More Summary
General Motors stock price has given back most of its gains since the start of 2017. After what looked like a breakout, GM remains stuck in the range between $28 and $40 that has been in place since 2013. On March 28, activist investor...Show More Summary
David Einhorn shares his market views in an exclusive interview on CNBC's "Halftime Report" Tuesday.
The two stock classes would give investors more choices, Greenlight Capital's David Einhorn tells CNBC.