Stanley Druckenmiller, former chairman, president & founder of Duquesne Capital Management, shares his thoughts on Larry Page and discusses his positions in Google with CNBC’s Bob Pisani.
Blue Eagle Capital Partners: Long Thesis For This Lending Stock
Blue Eagle Capital Partners was up 17.7% net for the third quarter of 2020, bringing its return to 49.1% for the first nine months of the year. During the third quarter, longs contributed 28.15% to the fund's performance, while shorts subtracted 7.36%. The S&P 500 was up 8.93% for the third quarter. Q4 2020 hedge Read More
something they need to taper. let me move on to the stock market. you have a very big position in google. do you still have a large position in google? what do you think — google is still my largest physician. the only thing i’ve done is added a little afternoon the earnings came out. i think google has the greatest business model in american business, their search business. in addition, they have, in my opinion, this generation’s thomas edison running the company, larry page. so you get, to me, maybe the greatest growth company in america and 19 times earnings, 11 times ebidta, with the option, you don’t know what this guy is going to come up with. google car, google glass. my guess is they have five, six things in that company that may be monetized. even if you didn’t have that stuff, i think the stock is particularly well priced. you have this huge —