qi_y0

Checking In on George Soros

joining above comments, alpha needs to tighten up its postings-- been following wb and confidentiality issues with sec for years myself. fact is we don't know officially what he's done with cop but I believe that in the past confidentiality was requested if his purchases would adversly affect his accumulation. when wb sells he typically just unloads (like PTR)-- now, IMO he is building cop or participating in a major deal involving cop. There is zero evidence that he has sold even one share. dig deeper.

Still, the Crooks Be Winnin'

If Einhorn is such a great numbers and details guy then how did he lose his shirt in New Century and remained on the BOD until the company was insolvent? Einhorn played sub-prime with New Century and got burnt. Regarding ALD, Einhorn's thesis that ald had not marked its investments to "market" was actually disproved and remained false. His short worked out due solely to the credit crisis that claimed C, BAC, WB, ACAS, and plenty of other financials. ALD's Q2 numbers beat the street and were far better than even the most bullish observers expected. The credit quality of ald's portfolio is better than it's been in the past 2 years and the spread of yield earned against interest cost is widening and forshadowing stronger net investment income in the future. I think that it's time for einhorn to find another horse to ride--

Cure for the Bad-CEO Blues: Sue Your Shareholders

einhorn has shown no expertise in venture capital and does not understand ald. ald has been paying dividends without interruption since 1965 (I believe this was before einhorn was born). ald sold their cmbs portfolio for a huge gain at the top of the market just when einhorn was starting to get involved with sub prime which he later took a large position in the now bankrupt new century. listen to einhorn at your own risk--

Book Review: David Einhorn's 'Fooling Some of the People All of the Time'

einhorn is always talking his book-- ald has been perhaps the preeminent v/c firm for 40 years. ald was successful when einhorn was in diapers. finally, the author should look into einhorn's involvement with subprime debt and especialy new century -- now that's the enron equivalent.