According to Greenlight Capital’s latest letter to investors, Einhorn reopened his GMCR short at $102.
He was quite pleased with the progress, as a point in fact.
With today’s buyout of GMCR, Mother Market, the cruel bitch that she is, took away Einhorn’s biggest winner. In a year plagued with one set back after the next, long CNX, MU, CBI and let’s not forget SUNE, today’s GMCR meteoroic surge has to be both demoralizing and outright upsetting to the good folks at Greenlight.
It’s worth noting, as of recent filings, Greenlight’s largest holdings are AAPL, GM and KORS. Aside from his ‘bubble basket’, Einhorn is also short MNK, ATHN and PXD.
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2015: a quiet year for loud mouths
Icahn is the next getting smoked with $CHK going to zero and $FCX following it. Just rough out there.