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Bailey McCann, Opalesque New York: "Beware Greeks bearing shorts," said hedge fund manager Jim Chanos, before he announced he was still shorting Cheniere Energy yesterday at the Skybridge Alternatives Conference currently underway in Las Vegas. This is the second year that Chanos has been short the energy company, which he says is overpriced relative to its peers.
John Lykouretzos, CEO of $2.8 billion Hoplite Capital Management also offered his top idea - a short case against legacy airlines in the US. He touched on American Airlines Group in particular saying that they represent the most "compelling short in the US airline industry." He said that low cost carriers in the US like Southwest or JetBlue will be able to add capacity and still remain profitable, which has made it impossible for the big four to stake out a controlling position over the industry.
Richard Chilton, CEO of Chilton Investment Company said he's long Sherwin-Williams after the Valspar acquisition. "The average age of a home in the US is 41 years and a lot of them need paint," he said of the pick. He added that paint has unique growth drivers like having to be sold in a physical store which will keep demand consistent.
In a separate panel on activist investing, Starboard Value CEO Jeff Smith said that he was still comfortable with his position in Yahoo!, adding that the company's board in once again functional. "The opportunity here is to split up the assets as it has always been,...................... To view our full article Click here
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