Seeking Alpha

Marshall Hargrave's  Instablog

Marshall Hargrave
  • on Fund Holdings
Send Message
Former registered investment adviser rep and current entrepreneur. Now running an equity research company. Affinity for activist campaigns and targeted stocks.
My blog:
stockpucker
  • Billionaire David Einhorn: Short Pitney Bowes (PBI) 0 comments
    Feb 21, 2013 3:20 PM | about stocks: AAPL, GM

    Why billionaire David Einhorn hates Pitney Bowes (NYSE:PBI). It turns out that Einhorn's Greenlight Capital hedge fund underperformed in 2012, putting in a 7.9% return for full year 2012, compared to the S&P 500's 2012 return of over 13%.

    However, since inception in 1996, Greenlight has managed to return an annualized 19.4% net of fees, so when he speaks investors tend to listen, hence why I'm curious about his distaste for Pitney Bowes (NYSE:PBI)? In his 2012 letter to shareholders, Einhorn had this to say about Pitney Bowes (NYSE:PBI)...

    read the rest at the stockpucker blog...

Back To Marshall Hargrave's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.