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Thursday, November 19, 2015

Investor David Einhorn Shares Thoughts on Consol Energy's Ability to Survive

From Business Insider:
On Monday, Greenlight Capital's David Einhorn gave his long thesis for Consol Energy, a natural-gas exploration and coal company that has lost 77% of its value since the start of the year. 
The presentation was given at the 2015 Robinhood Investors Conference. You can check it out on Greenlight Capital's website. 
Einhorn says he's still holding on to the company despite the ultra-low price of natural gas because he thinks the company can hold on, too. 
More specifically, he thinks the company has enough to wait until 2018 to invest in new projects, instead of spending money when sales won't generate enough revenue to cover costs. 
See if you agree.
Click here to read the rest of the article, which includes slides and Einhorn's comments from his presentation.

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