Below please find Greenlight Capital's Q3 2012 letter to investors. For the quarter David Einhorn and friends returned 9.4% bringing their performance to up 13.2% for the year.
In the letter he talks about his bullish position on Gold due to the Fed's unending QE process ($40B per month). They also offer additonal detail on their Green Mountain Coffee Roasters short (GMCR), their General Motors long (GM), their Cigna long (CI), and their Chipotle Mexican Grill short (CMG).
Enjoy.
Greenlight Capital - 2012.10.23
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