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 purchases during the quarter:
No. 1: Apple Inc. (AAPL), Add: 3.7% of the portfolio - Total: 837,500 Shares
Apple 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 20.25 and P/S ratio of 4.3. Apple Inc. had an annual average earning growth of 59.8% over the past 5 years.
No. 2: Carefusion Corp. (CFN), Add: 2.88% of the portfolio - Total: 13,374,724 Shares
CareFusion 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 17.67 and P/S ratio of 1.33.
No. 3: ENSCO International Inc. (ESV), Add: 1.77% of the portfolio - Total: 9,011,604 Shares
Ensco 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 12.17 and P/S ratio of 3.66. The dividend yield of Ensco International Inc. stocks is 1.51%. 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. 4: Broadridge Financial Solutions Inc. (BR), Buy: 1.51% of the portfolio - Total: 2,650,000 Shares
Broadridge is a global provider of technology-based outsourcing solutions to the financial services industry. Broadridge Financial Solutions Inc. has a market cap of $2.68 billion; its shares were traded at around $21.18 with a P/E ratio of 13.84 and P/S ratio of 1.22. The dividend yield of Broadridge Financial Solutions Inc. stocks is 2.83%.
No. 5: Ingram Micro Inc. (IM), Buy: 0.74% of the portfolio - Total: 1,765,386 Shares
Ingram Micro, Inc. is one of the distributors of information technology products and services worldwide. Ingram Micro Inc. has a market cap of $2.81 billion; its shares were traded at around $17.92 with a P/E ratio of 9.58 and P/S ratio of 0.1. Ingram Micro Inc. had an annual average earning growth of 7.3% over the past 10 years.
Check out Einhorn’s portfolio by clicking on David Einhorn.