This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

David Einhorn: 'Kicking the Tires' on GM

Einhorn also touched on several other ideas, including another mention of his short position in Green Mountain Coffee Roasters (GMCR - Get Report), which he spoke about last year as well. Since Einhorn targeted the company as a short investment idea, Green Mountain shares have lost a substantial amount. "Everything I said last year is true," Einhorn said Tuesday.

He also discussed on the company's relationship with Starbucks (SBUX), which appears rocky at best. The relationship is non-exclusive, and Starbucks CEO Howard Schultz recently said, "I think for the time being we are committed to the partnership."

Einhorn also weighed in on Green Mountain's spending issues. He said the company's capital expenditures are still excessive with costs running more than four times their competitors. Either the company has improper accounting, or they are "unconscionably wasteful."

Other investment ideas Einhorn mentioned were being long Cigna (CI - Get Report), the HMO provider, as investors overreact to Obamacare and fluctuating profits. He also highlighted Chipotle Mexican Grill (CMG - Get Report) as a short, with same-store-sales falling and increased competition from places like Taco Bell, owned by Yum Brands (YUM - Get Report).

-- Written by Chris Ciaccia in New York

>Contact by Email.

>To submit a news tip, send an email to: tips@thestreet.com

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CI $128.98 0.00%
CMG $662.72 0.00%
GM $37.31 0.00%
GMCR $113.20 0.00%
YUM $78.31 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs