Greenlight Capital’s David Einhorn bashes Green Mountain

October 18th, 2011
| More
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%.
For Detailed Investor Profiles on these Investors, click below:
Greenlight Capital
Related People: Bruce Gutkin; David Einhorn; Harry Brandler; James Lin; Jeffrey A. Keswin*; Nelson Heumann; Vinit Sethi
Related Entities: DME Advisors LP; Greenlight Capital Inc; Greenlight Masters LLC; Greenlight Private Equity Partners
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles


More Recent Headlines

Third Point’s Daniel Loeb searching for Yahoo Gold

Hedge funds suffer heavy losses in August; Fortress, Renaissance and Bridgewater Outperform

Bill Ackman’s Hong Kong Dollar Play

Global Macro Hedge Funds Outfperform: Polygon Investment Partners, MW Global, Man Group

Fortress Commodities Offshore Fund Turns Positive on Declining Oil Prices bet

Tudor Investment Corp Loses Two Key Execs to Zafferano Capital; Gains a Strategic Partner

Top 100 Hedge Funds Get Even Bigger

Sutesh Sharma founds Portman Square Capital, Latest Prop Trader to Flee the Volcker Rule

Hedge Funds Ramp Up Market Shorts

HedgeTracker enhances its premium Hedge Fund Profile offering