How My Altman Z Stocks Are Beating The Market By 11% YTD

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What You Will Learn How Altman Z stocks work An updated performance chart of the Altman Z screener 5 stocks reviewed using the components from the Altman Z formula I don’t try to reinvent the wheel. I’m a boring guy so when I try to come up with ideas, I prefer to look at things that […]

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Why I’m Disliked: A Ten Point List

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(WARNING: Neepery, not directly about Hugos, but somewhat related. Also it is about me observing other people observing me, so there’s a whole lot of me in this post. So: Ego alert. Also, it’s long, because I wanted to get out in one place. Skip it if you just don’t care. I don’t mind! Really!) […]

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Greenlight Capital Q2 Letter: New Positions in Applied Materials, Bank of New York Mellon

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David Einhorn's hedge fund Greenlight Capital is out with its second quarter letter.  Greenlight returned (1.5)% in Q2 and year-to-date is (3.3)%.  Their average exposure was 103% long and 86% short, leaving them net long only 17%.  The letter details numerous recent portfolio moves:

New long positions: Applied Materials (AMAT), Bank of New York Mellon (BK), CNX Coal Resources (CNXC)

Sold long positions: Altice (AMS:ATC), Conn's (CONN), EMC (EMC), Marvell Technology (MRVL), Nokia (NOK), Playtech (LON:PTEC)

Covered shorts: Intuitive Surgical (ISRG), Vale (VALE)

Einhorn talks about all of the positions in the letter and also gives commentary on Micron (MU), one of his biggest positions that has sold-off recently.

At the end of Q2, Greenlight's largest positions in alphabetical order were: Apple (AAPL), CONSOL Energy (CNX), General Motors (GM), gold, Micron Technology (MU), and SunEdison (SUNE).

Embedded below is Greenlight's Q2 letter:



ValueWalk first posted the letter.


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