Seeking Alpha

Einhorn buys into EMC, SunEdison, Take-Two; Micron stake grows

  • David Einhorn's Greenlight Capital established a 2.9M-share EMC position in Q4, as well as a 1.3M-share stake in SunEdison (SUNE) and a 4.2M-share stake in Take-Two (TTWO). At current levels, the positions are respectively worth $74M, $18M, and $80M.
  • The Take-Two position translates into a 3.4% stake.
  • Greenlight also discloses it owned 47.6M Micron (MU) shares at the end of Q4. That's up from the 23M shares it owned in late November, and is good for a 4% stake in the memory giant.
  • Greenlight's Q4 13F
Comments (10)
  • Wilson Wang
    , contributor
    Comments (884) | Send Message
     
    Holy crap! 47.6 million!
    14 Feb 2014, 05:35 PM Reply Like
  • Bull-Market
    , contributor
    Comments (479) | Send Message
     
    A good start for Greenlight's position in MU...
    14 Feb 2014, 07:06 PM Reply Like
  • Robin Summers
    , contributor
    Comments (5) | Send Message
     
    I agree Holy Moley
    19 Feb 2014, 08:30 AM Reply Like
  • Matt-Man
    , contributor
    Comments (667) | Send Message
     
    Einhorn seems to follow my lead on purchases :)
    14 Feb 2014, 07:23 PM Reply Like
  • manfredthree
    , contributor
    Comments (2350) | Send Message
     
    @Matt.... You are the man !
    17 Feb 2014, 10:04 AM Reply Like
  • btippett
    , contributor
    Comments (34) | Send Message
     
    The Andarko and Micron moves had previously been mentioned, without any details of sizing, in Greenlight’s year-end investor letter last month. In the letter, Mr. Einhorn wrote he bought Micron at $16.49; it closed Friday at $25.08.

     

    He wrote it was the first time he had taken a long position in a company he had once shorted.

     

    “A decade of poor results exposed every flaw in the business and killed any love for the stock,” Mr. Einhorn wrote. “The sell-side group think has reversed: the mostly bearish analysts now contort themselves to justify earnings estimates that are too low, price targets that are too pessimistic, and stock ratings that are too negative.”

     

    http://on.wsj.com/1glgcnP
    15 Feb 2014, 11:16 AM Reply Like
  • manfredthree
    , contributor
    Comments (2350) | Send Message
     
    The nice thing about permabears is that they are an unprotected endangered species.
    But it also leads us to be ever more concerned about TTWO's relationship with large shareholders when the buy-out of large stakes results in extraction of major capital when others are apparently buying less expensively in the market . Where's the accounting and accountability and game plan disclosure ? Makes us very nervous.
    17 Feb 2014, 10:12 AM Reply Like
  • yeti56
    , contributor
    Comments (4) | Send Message
     
    Hang on! Relax and enjoy.
    15 Feb 2014, 01:09 PM Reply Like
  • HolderDemocracy
    , contributor
    Comments (17) | Send Message
     
    EMC just lost lawsuit against a small California shareholder for submitting a shareholder proposal.
    EMC's big law firm was there – Gibson Dunn.
    2-hour Federal Court hearing in Boston on Friday afternoon.
    Look for news details early in the week.
    8 Mar 2014, 09:15 AM Reply Like
  • HolderDemocracy
    , contributor
    Comments (17) | Send Message
     
    EMC just lost its lawsuit against a small California shareholder for submitting a shareholder proposal.
    2-hour federal court hearing in Boston on Friday afternoon.
    EMC had 4 attorneys there including EMC’s big law firm – Gibson Dunn in regard to a proposal from this one small shareholder.
    Look for news details early in week.
    8 Mar 2014, 09:32 AM Reply Like
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