Who Sent David Einhorn the Keurig Machine and K-Cups? (GMCR)
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Unless you've been living under a rock, you know David Einhorn and his Greenlight Capital hedge fund are short shares of Green Mountain Coffee (Nasdaq: GMCR) in a big way. Shares have plunged after his negative presentation at the Value Investing Congress on October 17th.
Interestingly, it seems Einhorn's cautious view on the stock has prompted a large Green Mountain shareholder to send the gang at Greenlight a Keurig coffee brewer and ten K-cups boxes "straight from the warehouse."
Einhron joked, "Not only did we appreciate the gesture, it was nice of them to assist in our field research, as the majority of the K-cups were too close to expiration to be sold through normal retail channels."
So the question is: who sent Einhorn the gift? Will it change his mind on his short?
Looking through the top holders, hedge fund Coatue Management, a 2.81 percent holder, sticks out as the most likely to have given Einhorn the Keurig.
Einhorn is no stranger to going head to head with peers on various short positions. Most recently a battle between Einhorn and Bruce Berkowitz on The St. Joe Company (NYSE: JOE) made headlines. Einhorn got the last laugh on that one.
Interestingly, it seems Einhorn's cautious view on the stock has prompted a large Green Mountain shareholder to send the gang at Greenlight a Keurig coffee brewer and ten K-cups boxes "straight from the warehouse."
Einhron joked, "Not only did we appreciate the gesture, it was nice of them to assist in our field research, as the majority of the K-cups were too close to expiration to be sold through normal retail channels."
So the question is: who sent Einhorn the gift? Will it change his mind on his short?
Looking through the top holders, hedge fund Coatue Management, a 2.81 percent holder, sticks out as the most likely to have given Einhorn the Keurig.
Einhorn is no stranger to going head to head with peers on various short positions. Most recently a battle between Einhorn and Bruce Berkowitz on The St. Joe Company (NYSE: JOE) made headlines. Einhorn got the last laugh on that one.
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