On this week’s Consuelo Mack WealthTrack, a rare television interview with the prescient hedge fund manager who correctly called the precarious condition of financial firms from Allied Capital to Lehman Brothers and the financial system as a whole. Greenlight Capital’s David Einhorn discusses the current state of the markets and his investments with host Consuelo Mack.
Check out WealthTrack for other interviews and transcripts.
Einhorn’s 3Q10 portfolio is disclosed. Here are his top equity long positions:
No. 1: CIT Group Inc. (NYSE:CIT), Weightings: 10.76% - 10,590,429 SharesCIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $8.32 billion; its shares were traded at around $41.55 with and P/S ratio of 2.1.
No. 2: ENSCO International Inc. (NYSE:ESV), Weightings: 10.03% - 9,011,604 SharesEnsco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco International Inc. has a market cap of $7.12 billion; its shares were traded at around $49.79 with a P/E ratio of 12.2 and P/S ratio of 3.6. The dividend yield of Ensco International Inc. stocks is 1.6%. Ensco International Inc. had an annual average earning growth of 23.9% over the past 10 years. GuruFocus rated Ensco International Inc. the business predictability rank of 3.5-star.
No. 3: Pfizer Inc (NYSE:PFE), Weightings: 9.89% - 23,154,098 SharesPfizer Inc is a research-based, global pharmaceutical company. Pfizer Inc has a market cap of $135.02 billion; its shares were traded at around $16.7975 with a P/E ratio of 7.4 and P/S ratio of 2.8. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
No. 4: Carefusion Corp. (CFN), Weightings: 8.27% - 13,374,724 SharesCareFusion is a global corporation serving the health care industry with products and services that help hospitals measurably improve the safety and quality of care. Carefusion Corp. has a market cap of $5.22 billion; its shares were traded at around $23.5 with a P/E ratio of 17.8 and P/S ratio of 1.3.
No. 5: Apple Inc. (NASDAQ:AAPL), Weightings: 5.91% - 837,500 SharesApple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $280.22 billion; its shares were traded at around $306.73 with a P/E ratio of 20.2 and P/S ratio of 4.3. Apple Inc. had an annual average earning growth of 59.8% over the past 5 years.
No. 6: Cardinal Health Inc. (NYSE:CAH), Weightings: 5.39% - 6,550,500 SharesCardinal Health, Inc. is one of the providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. Cardinal Health Inc. has a market cap of $12.63 billion; its shares were traded at around $36.2 with a P/E ratio of 15.5 and P/S ratio of 0.1. The dividend yield of Cardinal Health Inc. stocks is 2.1%. Cardinal Health Inc. had an annual average earning growth of 1.5% over the past 10 years.
Check out his complete long portfolio by clicking on David Einhorn.