We've been very long since $38 as you know. Hope you benefitted from our calls on GMCR, DNKN, DAL, ALK, LVS, MPEL, AAPL (back in at 389) and so forth... several have been doubles or more since we entered, but all all up strongly as is HLF. Out at the top on gmcr -- lots of longs wizzy about it, but we have had a small short on since $88... we'll cover when it drops below $50 (next support is $48!) or when gmcr comes with great news not discounted. Lots of upside left on AAPL, MPEL and dnkn (another double likely on the two latter in 2014), but the airlines are largely played out now.
Unlike the short morons here, we actually understand what we are doing (fund is up over 70% ytd without leverage and despite hedging costs -- now 65% net long). Thanks for noticing the quality of what we have to say on these mid to large caps when we are not stomping on the tarts. LOL
Covered in the short a week early but within $3 of the Thursday bottom.... talk about home run followed by a home run. LOL
They report today -- up $5 or down $15? LOL Einhorn presents his reinvigorated short thesis tomorrow... while we made fun his bs last year, his comment this year have some validityas players like PEET and Whole Foods are now doing very higher quality product at prices thru GMCR premium blends... and on these private label k cups apart from the Vue system, GMCR is generating zero licensing or product revenue. Can GMCR bring them into the fold? Id not, revenue, market share, ebitda and eps will be pressured. The question is just how much between meaningful and the disaster Einhorn suggests.
Fun comparison to Ackman's bs here which is plain wrong -- small pumpkins are not "Alien Spaceships" no matter how many times Ackman whines it is so.