The Case For Following David Einhorn Into BioFuel Energy
Last month David Einhorn’s Greenlight Capital made a non-binding proposal to BioFuel Energy Corp. (NASDAQ:BIOF) to buy most of the company’s stock and extend a 10%, $150 million term loan, and its stock has risen from $3.14 to $8.75 at yesterday’s close as investors get more and more excited about the deal.
“At Homebuilder peer group’s median P/E ratio of 16 . . .
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