Anyone else think Einhorn sounded drunk on the call yesterday ? .........
Seriously, that dude was slow, not quick-witted whatsoever and rude. Didn't even say "good morning" first or the standard welcome language. Just came out and said, "I've got two questions" as if he owned the place.
It was all for show, pure and simple. An earnings CC is a chance for sell side analysts and large investors to ask questions for clarification for their models, not for a hedge fund short to grandstand and embarrass the company.
Hedge funders meet with management behind closed doors all the time, he could have had a meeting face to face to ask his simple questions, instead he tried to embarrass the company on their earnings cc to somehow subtlety prove a point. Was rude and was bad form. He doesn't even have a position.