Einhorn reiterated his bet against Green Mountain Coffee Roasters Inc !
In the investor note yesterday, Einhorn reiterated his bullish positions in automaker General Motors Co and healthcare company Cigna Corp, his bet against Green Mountain Coffee Roasters Inc and a new short position in fast-food chain Chipotle Mexican Grill Inc.
I believe Whitney Tilson covered his short some time ago. It is remarkable to think Einhorn has maintained a short on GMCR this long where the cost of shorting is so high. I suspect he is holding the short out of ego and few other short positions he can find...just my opinion, but he has probably convinced himself that GMCR will go below $10 with erroneous logic. My bet is someone is going to start covering before he does.
Of course, this is my opinion only. I still believe the GMCR management team is incompetent.