{"id":53643,"date":"2016-07-27T10:46:00","date_gmt":"2016-07-27T14:46:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53643"},"modified":"2016-07-27T10:46:00","modified_gmt":"2016-07-27T14:46:00","slug":"einhorns-greenlight-buys-chemours-blasts-citron-short-call","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2016\/einhorns-greenlight-buys-chemours-blasts-citron-short-call.html","title":{"rendered":"Einhorn\u2019s Greenlight Buys Chemours, Blasts Citron Short Call"},"content":{"rendered":"<p>(Bloomberg) David Einhorn\u2019s Greenlight Capital said it took a stake in Chemours Co., the titanium-dioxide pigment maker spun off from DuPont Co., denouncing a short recommendation from Andrew Left\u2019s Citron Research that said the company had been &#8220;designed to fail.&#8221;<\/p>\n<p>&#8220;We see an obvious flaw in this analysis,&#8221; the hedge fund wrote in a second-quarter letter to investors dated Tuesday. Greenlight refuted Citron\u2019s contention that liabilities, including 3,500 lawsuits from people living near a Teflon plant in Parkersburg, West Virginia, would bankrupt the company. Greenlight said it used a decline in the company\u2019s shares caused by the short-seller\u2019s report in June to add to its stake.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-07-26\/einhorn-s-greenlight-buys-chemours-blasting-citron-short-report\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) David Einhorn\u2019s Greenlight Capital said it took a stake in Chemours Co., the titanium-dioxide pigment maker spun off from DuPont Co., denouncing a short recommendation from Andrew Left\u2019s Citron Research that said the company had been &#8220;designed to fail.&#8221; [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53643","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53643"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53643\/revisions"}],"predecessor-version":[{"id":53644,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53643\/revisions\/53644"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}