John Burbank of Passport Capital can’t believe how the market is ignoring CF Industries Holdings. The man who shorted sub-prime debt leading up to the 2008 financial crisis is wary of the 2016 economic environment, so when he does have longs in his portfolio to hedge his short market exposure he wants them to be strong, and CF Industries fills the bill, he says. But the market isn’t buying it, as the stock is down sharply in early morning trading. Burbank: Street covers CF Industries poorly, they don’t care Burbank said he got bearish commodities 3.5 years ago, and still…
Burbank Reiterates CF Industries Buy, Market Says No Thanks
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.