David Einhorn's Greenlight Capital Q4 Letter to Investors

Greenlight Capital's Q4 Letter (pdf enclosed).
Brief:

  1. Last Quarter took a 4.9% beating, but was up 7.9% for the year.
  2. Longs made the money, shorts were losers (biggest: Marvell Technologies).
  3. Faith in GM, Sprint.
  4. Strange idea: Verizon to buy all of VOD ?
  5. Bearish on iron ore.
Attachment Size
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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