David Einhorn – Chairman Seems less likely that the Rite Aid acquisition will see regulatory approval “Rite Aid was our biggest detractor during the quarter as the company’s proposed merger with Walgreens did not close as expected. We’ve trimmed our … Continued
Made changes to the portfolio in response to the election “Yeah, we have made several changes to the macro portfolio in response to the election. There was various long positions in sovereign fixed income that we eliminated. We added some … Continued
David Einhorn – Chairman YTD return at 2.1% “Thanks, Bart, and good morning, everyone. The Greenlight Re investment portfolio returned 3.1% in the third quarter, bringing the year-to-date return through September 30 to 2.1%. Our long portfolio added 8% in … Continued
Dean Foods FY 1Q16 Earnings Call Gregg Tanner Global milk production continues to increase “We expect global dairy fundamentals to continue to be overall supportive to our business as production growth continues to outpace demand. Year-over-year, total milk production from … Continued
Colgate-Palmolive’s (CL) CEO Ian Cook on Q3 2015 Results Have seen a decline in private label “At the same time, we’ve seen a decline in private label shares in many of our categories indicating the consumers preference for branded products … Continued
(Einhorn not on call) Investment portfolio down 1.8% in 1Q “Thanks Bart and good morning everyone. Greenlight Reinvestment portfolio was down 1.8% in the first quarter. At longs, led by Apple and SunEdison, outperform the market. Our shorts went against … Continued
Each week I read dozens of transcripts from earnings calls and presentations as part of my investment process. Below are some of the most important quotes about the economy and industry trends from the transcripts that I read this week. … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Greenlight lost 3.7% in … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Einhorn up 7.3% so … Continued
A digest of some of the top insights that I’ve gathered from this week’s earnings calls. Full notes can be found here. Einhorn “The Greenlight Re investment portfolio returned 6.6% in the fourth quarter and 19.6% in 2013. During the … Continued