Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
Tesla Inc Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language. Einhorn on Oct. 30 had told his investors at Greenlight Capital that his fund had lost money on Tesla.
In 2017 Simon Burton was appointed CEO of Greenlight Capital Re, Ltd. (NASDAQ:GLRE). This analysis aims first to...
(Bloomberg) -- Hedge fund manager David Einhorn summed up a five-year investment in General Motors Co. as “a disappointment” and criticized Tesla Inc. for the second time in as many days.Greenlight Capital exited GM because the coronavirus pandemic has eliminated any chance the carmaker will do a minimal share repurchase this year, Einhorn wrote in a letter to investors Friday. A costly 40-day labor strike last year consumed most of the cash flow the automaker would have otherwise generated, he said.“Our hopes that 2020 would finally be the year were dashed,” Einhorn, 51, said of his reaction to GM’s investor day in February. The Detroit-based company’s shares fell 6.2% on Friday and have plunged 43% this year.Einhorn said Greenlight has limited losses from betting against Tesla by using put spreads to short the electric-car maker. He wrote that Tesla’s accounts receivables “remain a source of mystery” a day after questioning Chief Executive Officer Elon Musk about the company’s billing practices on Twitter.Einhorn also blasted Tesla’s board over an arrangement the company disclosed in a regulatory filing Tuesday. The company said it decided not to renew its directors’ and officers’ liability policy for 2019 and 2020 due to “disproportionately high” premiums quoted by insurers. Musk, 48, instead agreed to personally provide coverage for a year.“This creates an obvious conflict of interest that cripples the directors’ ability to curtail Musk’s behavior -- as he can now threaten that if the board brought him down, the insurance may not have value,” Einhorn wrote. “Making the directors so beholden to Musk by definition makes them not independent.”Tesla said in its filing earlier this week that its board had concluded the arrangement with its CEO would not impair the independent judgment of his fellow directors.Hours after Einhorn sent out his letter, Musk sent out more than a dozen tweets in a span of less than a 75 minutes that sent Tesla shares plunging. The stock closed down 10% after the CEO wrote that it was trading too high. He wrote later that he is optimistic about the company in the long term.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
If you're interested in Greenlight Capital Re, Ltd. (NASDAQ:GLRE), then you might want to consider its beta (a measure...
After a thorough and rigorous process conducted by the Board with the assistance of Credit Suisse Securities (USA) LLC, the Company determined that the best course of action is to continue its existing business plan. The Board also expanded the Company’s share repurchase program of Class A Ordinary Shares from 2.5 million to 5.0 million Class A Ordinary shares through June 30, 2021.
The year-end 2019 SEC 13F filings can give investors insight into where some of the world's top investors are putting their money. And a review of these disclosures turns up some clear investing trends.
GRAND CAYMAN, Cayman Islands, Feb. 18, 2020 -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland,.
Net loss per share of $1.11 for the quarterFully diluted book value per share of $11.63 at quarter end Company to Hold Conference Call at 9:00 a.m. ET on Wednesday May 6,.
GRAND CAYMAN, Cayman Islands, April 23, 2020 -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE), a specialist property and casualty reinsurer based in the Cayman Islands and.
Greenlight releases quarterly portfolio amid global coronavirus pandemic Continue reading...
Q3 2019 Greenlight Capital Re Ltd Earnings Call
Q4 2019 Greenlight Capital Re Ltd Earnings Call
Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk on Friday lashed out at Greenlight Capital hedge fund manager and long-time Tesla short seller David Einhorn. Musk’s Letter In an open letter to Einhorn, Musk alleges ...
NEW YORK, NY / ACCESSWIRE / March 10, 2020 / Greenlight Capital Re Ltd. (NASDAQ:GLRE) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 10, 2020 at ...
GRAND CAYMAN, Cayman Islands, April 13, 2020 -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a global specialty property and casualty.
Decrease in fully diluted book value per share of 1.7% for the year to $12.88;Fully diluted net loss per share of $0.11 for the year Company to Hold Conference Call at 9:00.
Thank you for joining the Greenlight Re conference call for the first-quarter 2020 earnings. The company reminds you that forward-looking statements that may be made in this call are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect the company's current expectations, estimates and predictions about future results and events and are subject to risks, uncertainties and assumptions, including those enumerated in the company's Form 10-K/A for the year ended December 31, 2019, and other documents filed by the company with the SEC.
Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see...
Q1 2020 Greenlight Capital Re Ltd Earnings Call