Einhorn = Vanity ---, not even his own work, for the most part on the JOE short idea here. one of his junior guys, who has been trained by the last decade that the glass is always half empty.
He has no idea what 30A is about... Berkowitz has done the work, and he can understand that somewhere outside of South Florida is desirable (perhaps because he is a full time south Florida resident??) ... he understands that it is the playground, retirement destination of choice of the confederacy plus texas, plus the lower midwest. Einhorn dismisses South Walton as a typical Yankee would b/c there are no Nathan hot dogs stands, no gang violence, no obnoxious people from Long Island hanging out comparing engagement ring sizes, and most of all very few obnoxious yankees. The yanks that appreciate South Walton, are wisely keeping it a secret so far, outside of Berko.
Vanity...
Einhorn smart, and vain. Look out, I think Ackman, Paulson and Buffet are about to join Berkowitz is figuring out that Einhorn's work on JOE was very very shoddy, and surprisingly negative for a company with such a balance sheet. Einhorn has forgotten the number one rule of shorting, you should have a catalyst, b/c time works against you, and this is especially the case with JOE.
He has no idea what 30A is about... Berkowitz has done the work, and he can understand that somewhere outside of South Florida is desirable (perhaps because he is a full time south Florida resident??) ... he understands that it is the playground, retirement destination of choice of the confederacy plus texas, plus the lower midwest. Einhorn dismisses South Walton as a typical Yankee would b/c there are no Nathan hot dogs stands, no gang violence, no obnoxious people from Long Island hanging out comparing engagement ring sizes, and most of all very few obnoxious yankees. The yanks that appreciate South Walton, are wisely keeping it a secret so far, outside of Berko.
Vanity...
Einhorn smart, and vain. Look out, I think Ackman, Paulson and Buffet are about to join Berkowitz is figuring out that Einhorn's work on JOE was very very shoddy, and surprisingly negative for a company with such a balance sheet. Einhorn has forgotten the number one rule of shorting, you should have a catalyst, b/c time works against you, and this is especially the case with JOE.