David Einhorn Strikes Again–This Time HELIX
Source: http://ceoblogger.wordpress.com/2008/09/18/david-einhorn-strikes-again-this-time-helix/Posted on Thursday, September 18th, 2008 | In Stocks to Watch
David Einhorn, founder of investment firm Greenlight Capital, and the genius who called Lehman Brothers’ demise has turned his attention to the energy sector.
Einhorn raised his stake in Helix Energy Solutions, adding 2.47 million shares since Sept. 10. Entities controlled by Einhorn now own a 13.8% stake in the oil exploration and services company.
Track Greenlight’s buys and sells at:
http://trackthepros.com/stocks/category/152
Since March, Einhorn’s funds have more than doubled his holdings in Helix. They owned about 5% of the company in March, but have been accumulating shares at a rapid pace more recently. Since passing the 10% ownership threshold earlier this month, Einhorn’s funds have bet more than $67 million on Helix, buying shares at an average price of $27.14.
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David Einhorn, David Einhorn Strikes, Energy Sector, Greenlight Capital, Helix Energy Solutions, Lehman Brothers, Oil Exploration, Stocks to Watch, USD
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