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CanadianValue
CanadianValue
Articles (4624) 

Greenlight Capital 2011 Letter to Investors

February 09, 2012 | About:

Not a great year by Einhorn's standards, being up roughly 2% across the funds.

One point of pride though — Greenlight was short the worst-performing stock in the S&P 500. First Solar (NASDAQ:FSLR) declined from $130 to $33 in 2011. The fund also did well on credit default swaps on European debt.

An interesting point is that for the second year in a row Greenlight's worst performing position was one designed to profit from the weakening of the yen.

If you have been following the GuruFocus articles on Kyle Bass, you will be a aware that a lot of smart people think Japan is headed for a European-type mess on a larger scale.

Green Light 2

About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.2/5 (13 votes)

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GuruFocus has detected 2 Warning Signs with First Solar Inc $FSLR.
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