In this segment of the CNBC interview, David Einhorn talked about some of his long positions and answered some of the viewer questions.
He said his shop has been quite slow these days, for the third quarter, his company has not bought any new stocks other than Sprint (NYSE:S), which he finished buying. He talked about his long positions: Sprint (NYSE:S), Apple (NASDAQ:AAPL), Pfizer (NYSE:PFE), Vodafone (NASDAQ:VOD), and Carefusion (NYSE:CFN) and short positions: St. Joe Company (JOE) and rating agencies – Moody’s (MCO) and S&P parent company, McGraw-Hill (MHP)
GuruFocus tracks Einhorm’s long positions. By law, he does not have to disclose his short position. But that does not stop him especially to announce the stocks he is shorting. Here are his top purchases during the third quarter of 2010:
No. 1: Apple Inc. (NASDAQ:AAPL), Add: 3.7% of the portfolio - Total: 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 $291.19 billion; its shares were traded at around $317.44 with a P/E ratio of 20.95 and P/S ratio of 4.46. Apple Inc. had an annual average earnings growth of 59.8% over the past 5 years.
No. 2: Carefusion Corp. (NYSE:CFN), Add: 2.88% of the portfolio - Total: 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 $5.13 billion; its shares were traded at around $23 with a P/E ratio of 17.29 and P/S ratio of 1.31.
No. 3: ENSCO International Inc. (NYSE:ESV), Add: 1.77% of the portfolio - Total: 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 $7.16 billion; its shares were traded at around $50.08 with a P/E ratio of 12.24 and P/S ratio of 3.68. The dividend yield of Ensco International Inc. stocks is 2.2%. Ensco International Inc. had an annual average earnings 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. (NYSE:BR), Buy: 1.51% of the portfolio - Total: 2,650,000 SharesBroadridge is a global provider of technology-based outsourcing solutions to the financial services industry. Broadridge Financial Solutions Inc. has a market cap of $2.77 billion; its shares were traded at around $22.16 with a P/E ratio of 14.48 and P/S ratio of 1.25. The dividend yield of Broadridge Financial Solutions Inc. stocks is 2.71%.
No. 5: Ingram Micro Inc. (NYSE:IM), Buy: 0.74% of the portfolio - Total: 1,765,386 SharesIngram Micro, Inc. is one of the distributors of information technology products and services worldwide. Ingram Micro Inc. has a market cap of $2.88 billion; its shares were traded at around $18.4 with a P/E ratio of 9.84 and P/S ratio of 0.1. Ingram Micro Inc. had an annual average earnings growth of 7.3% over the past 10 years.
Check out Einhorn’s stock holdings by clicking on David Einhorn.