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David Einhorn Buys Ira Sohn Recommendation, 5 Others

Holly LaFon

249 followers
When not busy suing Apple and probably lamenting the sell-off in gold, of which his Greenlight Capital Management has a major holding, David Einhorn bought six new stocks in the first quarter of 2013. The hedge fund manager returned 6.1% in the first quarter, lagging the S&P 500 Index, which continued its rally another 10%.

In April, Einhorn was also honored as one of Time Magazine’s 100 Most Influential People.

Einhorn’s New Picks

6. National Bank Holdings Corp. (NBHC)

Shares purchased: 2.7 million

Average price: $78



National Bank Holdings Corporation is a bank holding company incorporated in the State of Delaware in June 2009. National Bank Holdings Corp. has a market cap of $965.8 million; its shares were traded around $18.39 with and P/S ratio of 4.0. The dividend yield of National Bank Holdings Corp. stocks is 0.50%.

5. Capital Bank Financial Corp. (CBF)

Shares purchased: 940,133

Average price: $17



Capital Bank Financial Corp. was formerly known as North American Financial Holdings Inc. Capital Bank Financial Corp. has a market cap of $954.1 million; its shares were traded around $17.87 with a P/E ratio of 17.70 and P/S ratio of 2.90.

4. IAC/InterActiveCorp (IACI)

Shares purchased: 436,708

Average price: $43



IAC was incorporated in July 1986 in Delaware under the name Silver King Broadcasting Company Inc. IAC/InterActiveCorp has a market cap of $4.17 billion; its shares were traded at around $50.93 with a P/E ratio of 22.90 and P/S ratio of 1.50. The dividend yield of IAC/InterActiveCorp stocks is 1.80%.

3. Spirit AeroSystems Holdings Inc. (SPR)

Shares purchased: 1,652,962

Average price: $17



Spirit AeroSystems Holdings Inc. or Spirit Holding was formed in February 2005 as a holding company for Spirit its subsidiary Spirit AeroSystems Inc. Spirit Aerosystems Holdings Inc. has a market cap of $3.08 billion; its shares were traded around $21.83 with a P/E ratio of 73.70 and P/S ratio of 0.60.

2. Hess Corp. (HES)

Shares purchased: 1,245,000

Average price: $65



Hess Corp. is a Delaware corporation, incorporated in 1920. Hess Corp. has a market cap of $24.09 billion; its shares were traded at around $68.59 with a P/E ratio of 8.50 and P/S ratio of 0.60. The dividend yield of Hess Corp. stocks is 0.60%. Hess Corp. had an annual average earnings growth of 7.4% over the past 10 years.

1. Oil States International Inc. (OIS)

Shares purchased: 2.7 million

Average price: $78



Oil States International Inc was originally incorporated in July 1995 in Delaware. David Einhorn recommended this company at the Ira Sohn investment conference in May and commented on it in his first quarter investor letter here.

Oil States International Inc. has a market cap of $5.62 billion; its shares were traded at around $101.86 with a P/E ratio of 13.40 and P/S ratio of 1.30. Oil States International Inc. had an annual average earnings growth of 21.2% over the past 10 years. GuruFocus rated Oil States Internationa, Inc. the business predictability rank of 3-star.

See David Einhorn’s portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of David Einhorn.


Rating: 3.0/5 (2 votes)

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