David Einhorn's Greenlight Capital Q4 Letter to Investors
Greenlight Capital's Q4 Letter (pdf enclosed).
Brief:
- Last Quarter took a 4.9% beating, but was up 7.9% for the year.
- Longs made the money, shorts were losers (biggest: Marvell Technologies).
- Faith in GM, Sprint.
- Strange idea: Verizon to buy all of VOD ?
- Bearish on iron ore.
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Qlet2012-04.pdf 269.93 KB | 269.93 KB |
"Our coffee was too hot, our apple was bruised, and our iron supplements didn't go down smoothly." Just about sums it up. einhorn's always a good read
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