Greenlight Capital

David Einhorn Adds African Barrick Gold (LON:ABG), Increases Gold Exposure

David Einhorn, hedge fund manager of Greenlight Capital, said he’s increasing his exposure to gold, and has bought African Barrick Gold (LON:ABG) shares, primarily because they’re lower priced than other miners.Einhorn recently said at an investment meeting of Greenlight Capital, that ‘We tend to think of gold as a currency, I think there’s going to be a lot of inflation.” Citing the sovereign

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New Purchase

Filed in Greenlight Capital, silver by on December 30, 2009 0 Comments

This has been a fairly boring market as we see low volume near the end of the year.nbsp; I’m curious as to how 2010 starts off, as January’s trading is usually anything but boring.nbsp; br /br /I went ahead and bought some Carefusion (a href=”http://finance.yahoo.com/q?s=CFN”CFN/a) today after a slight pullback.nbsp; It is a name I have been following for a bit.nbsp; They were spun off earlier this year from Cardinal Health, and I like the prospects for this company.nbsp; You can read the profile of the company a href=”http://finance.yahoo.com/q/pr?s=CFN”here/a.nbsp; The bottom line is now that we have a clearer view on how health care reform will affect these companies, its a little easier to make decisions on their stock.nbsp; br /br /I’m a fan of spin-offs, as they often create opportunities for companies to realize value.nbsp; Management is often motivated to get off on the right foot during their first few quarters on their own.nbsp; I did a piece on spin-offs earlier this year, which you can read a href=”http://briskycapital.blogspot.com/search/label/Spin%20Offs”here/a. br /br /The company is in a good industry that is growing.nbsp; Their earnings are estimated to grow at a solid rate, and shares trade at 1.24x book value.nbsp; David Einhorn’s Greenlight Capital, one of my favorite investors, owns 8.7 million shares.br /br /The stock isn’t far from its high, but Inbsp;think there will be some value unlocked in the coming quarters that the stock hasn’t had a chance to show

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Prieur’s readings (November 9, 2009)

Filed in Greenlight Capital, silver by on November 8, 2009 0 Comments

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. Please also add the links to any other worthwhile articles you would like to share to the comments section.

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