Listing David Einhorn's Likes And Dislikes

Tyler Durden's picture

Here are some of the things that David Einhorn likes and does not like, having just started his speech at the Ira Sohn Conference:

  • Martin Marietta - stock plunges 10% and triggers circuit breaker.
  • France - "a french default is not out of the question" - France not limit down yet. He says that a return to the Franc is not out of the question.
  • Einhorn likes GJF.NO - "Norway is the only country which can finance itself."
  • Einhorn likes Cairn Energy as it trades at discount to assets in just Britain and India.
  • Says China is misunderstood and is not an investment opportunity: not enough money to feed the economy and banks aare becoming illquid; money is leaving the country
  • Also does not like Japan for all the usual Kyle Bass and Andy Xie reasons. The Yen will continue strengthening.
  • Einhorn likes AMZN, calls it "elephant in the room", but questions profit growth.
  • Einhorn likes Dena Co, and Gree Inc in Japan
  • Einhorn is short DKS
  • Einhorn, who is long about $870MM AAPL as per last night's 13F, likes AAPL. Stunner.
  • Finally, the happiest people in the room are HLF longs who are up 20% on the day, begging the question: did Einhorn pull the mother of all headfakes and use the selling panic to buy up the company at the lows where everyone thought he was shorting?

And a bunch of other stuff. We will bring you the full presentation shortly.