Einhorn Changes Mind On Consol EnergyRupert Hargreaves
When David Einhorn’s Greenlight Capital initiated a position in Consol Energy last year, many in the financial press instantly branded the trade a bad idea.
Then, when Einhorn updated his thesis on Consol back in November, he drew, even more, criticism as the stock was down by around 70% from Greenlight’s initial entry price.
Einhorn blamed this decline on the fact that investors continued to associate with Consol as a coal producer without taking into . . .
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