Below is full coverage from the first day of the Value Investing Congress 2011. I will be posting the presentations when they become available. Tomorrow’s line-up includes; Leon Cooperman, Whitney Tilson, Bill Ackman, Boykin Curry, and Glenn Tongue.
I will be writing the articles in real time. Without disrespecting others, I offer the most comprehensive free coverage of the conference. So make sure to check back frequently or on Twitter, Facebook or Feedburner. Also you can check out this Value Investing Congress Website Announcement.
David Einhorn, CEO of Greenlight Capital, laid out his short thesis for GreenMountain, the stock fell ~10% due to his remarks. Link here-https://www.valuewalk.com/value-investing-congress-2/david-einhorn-qa/
Historically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More
Jim Chanos, the famous short-seller and founder of Kynikos Associates, talked about value traps, and how to avoid them. He is bearish on China, GameStop, green energy, ITT/For profit education, and Exxon-Mobil/oil companies. Link here-https://www.valuewalk.com/value-investing-congress-2/jim-chanos-beware-global-valuetrap/
Joel Greenblatt, CEO of Gotham Capital, spoke about value based indexing and the magic formula. Greenblatt mentioned some companies that showed up on the screener, such as Merck (MRK), GameStop (GME), Best Buy (BBY), Aeropostale (ARO), Wells Fargo (WFC), Hewlett Packard (HPQ), Microsoft (MSFT), Dell (DELL), and General Dynamics (GD). He discussed reversion to the mean, and other topics. Link here-https://www.valuewalk.com/value-investing-congress-2/joel-greenblatt-big-secret-investors/
Timothy E. Hartch, manager of Brown Brothers Harriman’s public equity group, spoke about two of his favorite stocks; DENTSPLY (XRAY), and EnergySolution (ES). Link here- https://www.valuewalk.com/value-investing-congress-2/timothy-hartch-quality/
Guy Gottfried, founder of Rational Investment Group, spoke about The Brick Ltd., a Canadian based home furnishing company. Link here-https://www.valuewalk.com/conferences/guy-gottfried-prospecting-great-white-north/
Ricky Sandler, managing member of Eminence Capital, LLC, spoke about investing in high quality large cap value stocks. Sandler laid out the bullish case for CME group. Link here-https://www.valuewalk.com/conferences/rick-sandler-big-high-opportunity-large-cap-quality-equities/
Alexander Roepers, President of Atlantic Investment Management, Inc., spoke about M&A activity. He briefly discussed some stocks which he likes, including; Energizer (ENR), Ashland (ASH), Flowserve Corporation (FLS), ITT, and MTU Aero Engines. Link here-https://www.valuewalk.com/value-investing-congress-2/alexander-roepers-conducive-environment-corporate-action-activism-takeovers/
Vladimir Jelisavcic, co-founder of Longacre Fund Management, LLC, spoke about his bull case for DryShips convertible debt and equity. Link here-https://www.valuewalk.com/value-investing-congress-2/vladimir-jelisavcic-dislocation-deep-opportunity/