2 Stocks You Can Buy Cheaper Than David Einhorn

David Einhorn is one greatest hedge fund managers over the past decade. However, some of his recent picks have been near-term misses. Two stocks in particular are below what David Einhorn's Greenlight Capital paid for them. The kicker is, Einhron & Co. have been adding as recently as last quarter.

Micron (NYSE: MU) - While it is unclear Einhron's exact cost basis in MU, it is safe to say he is underwater in the position. While he was early in discovering MU in the third quarter of 2013 when it was in the low-teens, he watched the stock go to as high as $36.49 at the end of 2014 only taking minor profits along the way. With shares correcting since the peak he has been buying on the way down. In the second quarter of 2015 he added 4 million shares, bringing his stake to 37.95 million shares. Greenlight's cost basis on MU is likely in the mid-$20s and shares currently traded at $16.04.

Below is a summary of Greenlight's historical activity in Micron.

General Motors (NYSE: GM) - Greenlight first got involved in GM in early 2011, a few months after its emergence from bankruptcy and its new IPO in November 2010 at $33 per share. Original buys from Einhorn were probably in the low $30s and he continued buying as shares plunged to the $20s. In Q1 of 2014, with shares rising to the highs of near $40 per share he liquidated the stake - likely at a sharp profit. He sat out of GM for the rest of 2014 as shares retested its $33 IPO price. In the first quarter of 2015, Einhorn was back in GM. In the first quarter of 2015 he showed a stake of 9,467,986 shares. This moved up to 14,645,763 shares as of the end of the second quarter. Shares were in the mid-$30s during these periods, but now trade in the low-$30s... last trading at $31.47.

Below is a summary of Greenlight's historical activity in GM:

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