image FMX Connect (Reported 7/22/2010)

Greenlight Capital is a hedge fund founded by David Einhorn. Greenlight, founded in 1996, has produced a 25% annualized net return for its partners over its life. Einhorn successfully predicted the fraudulent business practices of Allied Capital, as well as the eventual bankruptcy of Lehman Brothers.

 

 

 

Highlights:

  • Through the first half of the year, the US stock market indices fell several percent and European indices fell a bit more.
  • The proposed financial reform bill raises the rating agency legal liability more than the bulls expected.
  • Apple Inc. (AAPL) is one of the world’s most successful and innovative technology companies, with market leadership positions in mobile communications and portable entertainment.
  • Ensco plc (ESV) is an offshore contact oil drilling company, not involved in the horrible accident in the Gulf of Mexico. Thus, it has not suffered damages to its long-term potential.

 

 

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