Thursday, 7 May 2015
Last updated 14 hours ago
Jan 23 2014 | 1:42pm ET
David Einhorn has had a change of heart on Micron Technology.
The Greenlight Capital founder shorted the semi-conductor company from 2001 to 2005. But last year he opened a long position in Micron, one that helped fuel Greenlight's 19.5% return.
"This is the first time we have taken a long position in a company in which we once had a material short position," Einhorn said, praising Micron's efforts to return cash to shareholders.
Einhorn, in a letter to investors, also announced that Greenlight had opened a position in BP and added to its investment in Anadarko Petroleum, while exiting Thyssen Krupp and Airbus Group.
In addition to Micron, Einhorn said Greenlight's gains in 2013 we due to its investments in Apple Inc., General Motors and the Japanese yen. Losers included Chipotle Mexican Grill and U.S. Steel.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…