“Sticks and stones may break my bones, but words will never hurt me.” Try telling that to a company that has just been “Einhorned.” Hedge fund billionaire David Einhorn has the ability to crater a company’s share price with the mere mention of its name in one of his closely followed investment presentations. That ability has turned his name into a verb, spawning the expression that a company is being “Einhorned” when targeted by short sellers.#-ad_banner-# Einhorn’s forensic approach to research has… Read More
“Sticks and stones may break my bones, but words will never hurt me.” Try telling that to a company that has just been “Einhorned.” Hedge fund billionaire David Einhorn has the ability to crater a company’s share price with the mere mention of its name in one of his closely followed investment presentations. That ability has turned his name into a verb, spawning the expression that a company is being “Einhorned” when targeted by short sellers.#-ad_banner-# Einhorn’s forensic approach to research has enabled him to sniff out some of the most publicized and successful shorts in the past 10 years. That includes one of the earliest calls and moves on Lehman Brothers’ bankruptcy and a short on Green Mountain Coffee (Nasdaq: GMCR) that netted his firm hundreds of millions. That has turned Einhorn into one of the most popular figures on the Street — but also one of its most polarizing. Some call him a genius; others oppose his ability to profit from struggling… Read More