|Renowned shareholder activist David Einhorn is in attack mode again and this time Green Mountain Coffee Roasters is the recipient of his criticism. Mr. Einhorn, who leads Greenlight Capital, spent an hour at this week’s Value Investing Congress building a case for why the high-flying stock is over-valued. According to the Wall Street Journal, Einhorn believes that the firm provides poor transparency to investors, while frequently “overspending and overcharging.”|
Greenlight Capital’s $7.8 billion flagship fund is reportedly down nearly 6% year-to-date. Mr. Einhorn’s speech helped his hedge fund’s short position in Green Mountain on Monday, as the stock fell 10%.