For GM, a Well-Regarded Honk of Approval
David Einhorn was recently eager to slam Chipotle (CMG) and Green Mountain Coffee Roasters (GMCR). However, he has not backed away from his investment thesis on General Motors (GM), the third-biggest holding in his Greenlight Capital fund.
GM went public in 2010 after the auto crisis stemming from the 2008-to-2009 recession, and Einhorn thinks the highly leveraged company stands to benefit from increased demand domestically and rising sales in China and Europe -- all of which are contentious predictions. Einhorn, the president of Greenlight -- which has some $8 billion in assets under management -- is famous for his prophetic anticipation of the Lehman Brothers collapse in 2008. Aside from the GM stake, valued at $344 million as of June 30, Greenlight's top holdings include Apple (AAPL) and Seagate Technologies (STX), per the fund's 13-F SEC filing....440 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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