1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (7136) 

David Einhorn Comments on Gjensidige Forsikring

October 16, 2013 | About:


We exited two successful long positions in the quarter. We invested in Gjensidige Forsikring (Norway: GJF), a P&C insurer, when it IPO’d in the fourth quarter of 2010. The story played out nicely as the company executed on its IPO plan to improve its underwriting, cost management,and capital discipline. We sold when GJF reached a fair valuation and we earned a 27% IRR over three years.

From David Einhorn’s Greenlight Capital third quarter 2013 letter.


Rating: 1.0/5 (3 votes)

Comments

Please leave your comment:


GuruFocus has detected 2 Warning Signs with Gjensidige Forsikring ASA $OSL:GJF.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


pbarker46High short
hcgaron2nd F-Screen
hcgaronFirst F-Screen
whstock32LFCF-cc
whstock32LFCF-bb
whstock32LFCF
CarstinSingapore NCAVs
Praveen ChawlaREITs & Midsteams
pbarker46E10
pbarker463 values plus fwrd PE
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK