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Einhorn lobs more criticism at Green Mountain at conference
October 2, 2012 / 3:00 PM / 5 years ago

Einhorn lobs more criticism at Green Mountain at conference

NEW YORK (Reuters) - Hedge fund manager David Einhorn again made critical comments about Green Mountain Coffee Roasters Inc GMCR.O, a stock in which he publicly unveiled a short position a year ago.

David Einhorn, president of Greenlight Capital, speaks during the Sohn Investment Conference in New York, May 16, 2012. REUTERS/Eduardo Munoz

Einhorn, one of the biggest draws at the Value Investing Congress in New York on Tuesday, said he would discuss four investment ideas.

He kicked off the presentation with renewed criticism about Green Mountain, saying the company is not disclosing enough and railing against what he called its “poor spending discipline.”

He said he thinks the company is “very exposed.”

Einhorn’s Greenlight Capital oversees $7.7 billion in assets and was up 13.5 percent during the first nine months of the year.

Reporting By Svea Herbst-Bayliss; Editing by Gerald E. McCormick

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