Listing David Einhorn's Likes And Dislikes

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.


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