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1 pt

An Einhorn Classic

 Aug 26, 2008 05:39 PM UTC
Return Risk
-21.37% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
MECA n/a
MIM n/a

Graphic_arrow1 Via Todd Sullivan's ValuePlays:  

This is beautiful stuff. David Einhorn's Greenlight Capital has files a 13D/A in MI Development (MIM) in regards to its investment in Magna Entertainment Corp. (MECA). The letter is classic Einhorn. First he reviews his prior concerns, then lists managements dubious actions, then questions them reminds them of their duty.

First the details, according to the filing:
(a) Greenlight LLC is the beneficial owner of 2,234,000 Class A Shares. Greenlight Inc. is the beneficial owner of 2,466,000...



Continued at Todd Sullivan's ValuePlays






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