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Stock Ideas from David Einhorn and Jim Chanos

 

David Einhorn / Getty

Valuewalk reported on the Robin Hood conference, where big investors gave their top ideas. Jim Chanos thinks Brazilian oil concern Petrobras (PBR) is a scheme. He thinks it is doomed regardless of the outcome of the Brazilian elections. Even if Dilma Roussef is voted out of office, he doubts that the successor will be able to solve the problems at the company, because the company has many systemic problems. In addition, Petrobras has so much debt, it is not likely to be able to help itself. However, for a quick trade, a Roussef defeat may create an uptick in the stock.

David Einhorn made bullish remarks about alternative energy and Greek banks. He is bullish on SunEdison, with his Greenlight capital’s $500 million position in the company. He also likes TerraForm Power, which has risen 11%. Einhorn likes two Greek banks, Alpha and Piraeus. However, Einhorn is less optimistic about the rest of Europe than he is about Greek banks.

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