September, 2018 (Volume: 35 / Issue: 9)
In Focus

Women Pull Block on Heels Pointed Toe Pull Zsell on Over Knee High Boots Shoes Zsell 158609c
Women Pull Block on Heels Pointed Toe Pull Zsell on Over Knee High Boots Shoes Zsell 158609c - digitalcraftmedia.com

Einhorn ... blasting frackers

Greenlight’s Einhorn slams oil frackers for burning cash

The hedge fund manager, who often unveils short-bets against companies at these events, cited Pioneer Natural Resources as a particular offender

BILLIONAIRE hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, kicked off the year’s most prominent investment conference by laying out a case against oil frackers, arguing these companies drill “lots and lots of holes” and burn through plenty of cash.


Einhorn, who often unveils short-bets against companies at these events, cited Pioneer Natural Resources as a particular offender at the 20th annual Sohn Investment Conference. “We call it the motherfracker,” he said, prompting investors to kick the share price down as much as 5.3 per cent. The company should trade closer to $78 a share, he said, not the $166.50 the stock is trading at now.


“Pioneer is burning cash and its reserves are not growing,” said Einhorn, who runs $11 billion Greenlight Capital, adding “Pioneer ought to stop touting estimates based on stale pricing.” The company is losing 20 cents of present value for every dollar it invests.


Einhorn also mentioned EOG Resources, which he called the “father fracker,” Concho Resources, Whiting Petroleum and Continental Resources.


Last year Einhorn unveiled a short bet against athenahealth at a previous Sohn conference and was the first to underscore problems at Lehman Brothers months before the investment bank filed for bankruptcy.


Einhorn was one of the few investors at the conference who unveiled a short bet, as most other investors put forth ideas that investors can buy and hold.


Leon Cooperman and David Tepper talked about markets and sought to soothe investors fearful that the long-running equities bull market might be over.


Tepper, founder of Appaloosa Management, shocked markets a year ago by warning that investors should not be too long in the stock market. He said that investors should not be “too long bonds, not too short stocks” and warned that investors should be careful with commodity investments.


Investors at this conference, even the billionaires, are told to keep it short and talk no more than 15 minutes. Tepper who didn’t use all of his time joked that he would sell some of his unused minutes to Bill Ackman, who is known for speaking at a breakneck pace to race through dozens and dozen of slides.


Cooperman, who runs Omega Advisors and has long been saying the stock market would continue to climb, stuck by his bullish outlook, saying the stock market can still end higher this year. “If there is a bubble out there, it is not in the stock market,” Cooperman said, adding it may be in the fixed income market.


He pitched a handful of US-based companies including Google, Dow Chemical, Priceline Group and drugmaker Actavis.
Picking up on the pharmaceutical industry theme, Larry Robbins, who runs Glenview Capital Management, touted AbbVie, saying the stock price could double. The company’s price is relatively cheap and management is disciplined, Robbins said.


Even though AbbVie called off a planned $55 billion takeover of Shire late last year, industry analysts are still holding out forecasts that the breakneck pace of mergers and acquisitions in the pharmaceutical industry will continue. The company could be taken over or it could be the one taking over someone else, Robbins said.


Ackman, founder and chief executive of Pershing Square Capital Management LP, talked about his most recent addition to the portfolio: Canadian pharmaceutical company Valeant Pharmaceuticals International Inc VRX.TO, which he called “massively undervalued.” He said companies that buy up others at a steady pace are often misunderstood and said Valeant, which announced plans to buy Salix earlier this year, is an early stage Berkshire Hathaway, referring to Warren Buffett’s company.


Keith Meister, a former Carl Icahn lieutenant who now runs $8 billion Corvex Management, focused on fast food restaurant chain Yum Brands, saying his firm is one of the five largest investors and that the company is Corvex’s second-biggest investment ever. Daniel Loeb’s Third Point said it had taken a significant stake in Yum.


LifeStride 9.5M BLACK w/ Soft System Tall Calf Boots - Winner Pre-owned , Womens Wedge High Heels Platform Buckle Strap Pointed Toe Shoes Ankle Boots Sz ¥ , BOC Born of Concept Black Leather Slip On Shoes Ankle Booties Chunky Heel 7.5New Women Knee High Boots Faux Leather Riding Pointy Toe Buckle Shoes new sizeRue21 etc! Black Velour Medium-Heel Ankle Boots, Women's, Choose Your Size , Women Ankle Boots Shoes High Top Snakeskin Pattern High Heels Pointed Toe PumpsWomens Faux Suede Mid Block Heels Round Toe Riding Shoes Knee High Boots ZsellFashhion Womens Buckle Side Zip Low Heel Knee High Boots Casual Shoes Chic Ths01Sperry Top-Sider Khaki Grey & Camo Buckle Boots Shoes Womens 8 M , Womens Side Bowknot Pull On Fur Trim Ankle Boots Faux Suede Shoes Low Wedge HeelWomens Low Wedge Heel Tassles Ankle Boots Warm Winter Fur Comfort Fringe ShoesMigliorini WomensBoots US9 Brown Leather Wedge Heels Pull-on cuff moto cosplayWomens Platform Wedge Round Toe Over Knee High Boot Shoes Strapy Suede Sbox , Dolce Vita Kendal Black Suede Chained Ankle Heeled Pointed Toe Booties Sz 8.5 , Pre-owned Isaac Mizrahi Live! 12M Suede Ankle Boots with Buckle HAZELNUTWomens Black Ankle Fur Lined Warm Snow Boots Waterproof Flat Shoes Size , FREE SHIPPING Pesaro Womens 6 Black Faux Suede High Heel Mid-Calf Fashion Boots , Womens Heel Pointy Toe Date Patent Leather Ankle Boots Shoes Knight New Sz Ths01 , WOMENS HOUSE OF HARLOW LEOPARD PRINT MOHAIR BOOTIES SIZE 37.5(EU) , NEW Stillettos High Heel Shoes Womens Pull On Ladies Knee High Boots Plus SizeWomens chunky platform high heel slim over the knee boots shoes stretch us 10.5Womens Ankle Boots Pointed Toe Side Zip Shoes Stilettos High Heels Suede ZsellWomen Shoes Pull On Leather Round Toe Wedge Platform Pure Color Block Hot yoooc , Womens Round Toe Suede Side Zip Block Heels Casual Knee High Boots Winter ShoesWomen wedge high heel shoes pointy toe zipper ankle boots Shoes Zsell , NEW$69 Kisses TOO SCOPE Womens Boots Ladies Shoes Brown Sz 8 1.5" Heels , Pre-Owned SILHOUETTES Short Scrunch Boots Camel/Brown Leather Sz8M , Womens Over Knee High Boots Side Zip High Heel Patent Leather Platform Shots NewWomens Vintage Black Motorcycle Ankle Boots Shoes Block Side Zip Low Heel A2026


More Stories



Tags
N.Y.L.A. Women's Olygmala Boot, Bronze, 6.5 M USNINE WEST 8M/WOMEN'S/BOOTS/FLAT HEELS BLACK LEATHER/ SUEDE/Tall ROYALPURPLEshaft , Womens Black Lacy 5.5" Stiletto High Heel Platform Sexy Knee Boots Size 7 , Jessica Simpson AUDRIANA Women's Grey Stiletto Heel Ankle Boots Size US 7 MA2 by Aerosoles Shore Enough Women's Ankle Boots, Size: medium (7.5), Grey , Tassel Long Boots Womens Knee High Booties Winter Leather Shoes Cowboy SizeCoconuts by Matisse Women's Miranda Ankle Bootie, Black, size 6.5Nicole Miller Womens stud Fabric Square Toe Ankle Fashion Boots Black Size 7.5 , Camper women's patchwork boots euro size 37, Beautiful , Nine West Wanikiy Bootie, Women's Size 6.5 M, BlackNWOB Lauren Ralph Lauren Women's Damara Ankle Booties Size US 7 B New! , GC. Shoes Womens betty Closed Toe Knee High Fashion Boots, Black, Size 6.5 ysIeHARLEY-DAVIDSON Size 6.5 (37.5) M Black Nubuck Leather High-Heel Steampunk BootsSkecher Mark Nason Los Angeles Womens Reptile Cup - Zuma (7, Taupe) , DONALD J PLINER Black Embellished Helene Loafers Shoes Size 11Via Spiga Maliah Casual Slip On Shoes - Women's Size 11 M - Olive/Black , Arcopedico Shawna Red Leather Flats Mary Jane, Size (US 9.5 to 10)Rebecca Minkoff Black Leather Pumps 9.5 , Lanvin pink leather sneakers size 38 , Haflinger SHEEP BLK Womens Sheep Slipper- Choose SZ/Color.Paolaprata PP-P27_SC08_EN500_ décolleté Shoes Women's - colour Black USNIKE FREE 5.0 2015 (BOSTON MARATHON 2015) WHITE/ YELLOW..SIZE WOMEN 8.5=YOUTH 7 , Women's navy NEW BALANCE Industrial 627 steel toe shoes / sneakers , 11 , NEW , NIKE Womens Size 9 White Grey Lunarconverge Athletic Running Shoes F2-326 , New Balance 580v4 Running Training Walking Shoes Womens Size 8 Wide Blue PinkWomen's Sam Edelman Women's Parsimon Mule FlatsJUSTIN Chocolate Brown Leather Roper Cowboy Boots Womens Size 4.5 B Style L3715 , Dansko Ainsley 38 8 Mary Jane Clog Shoes Knotted Bow Strap Pleated Details EUCNike Feee Rn Flyknit Running Women's Shoes Size , Nike EXP X14 Women's Wolf Grey/Viola/Clear Emerald/Black/White O3170003 ,

Women Pull Block on Heels Pointed Toe Pull Zsell on Over Knee High Boots Shoes Zsell 158609c - digitalcraftmedia.com




Boots
1350509
7742890
10526899
12391556
13808274
16891528
18217659
18264226
18469406