Buried in Reddit, the Seeds of Melvin Capital’s Crisis
- Thread starter dealmaker
- Start date
Zacks current year estimate has it at "Current Yr Est -0.06"
let's assume 0.06 instead because next year could be better, their forward P/E is like 1,300x at $80
let's assume 0.06 instead because next year could be better, their forward P/E is like 1,300x at $80
Dimelo pipo, que bola?
Citadel Billionaire Ken Griffin Defends Melvin Stake Against ‘an Insane Conspiracy Theory’ (CNBC)
Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.” The comment was in response to a question from Sorkin about whether Griffin’s investment was a mistake because it created questions about Griffin’s motivations in propping up Plotkin amid his battle with retail Reddit traders who were pumping up the price of GameStop.
Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.” The comment was in response to a question from Sorkin about whether Griffin’s investment was a mistake because it created questions about Griffin’s motivations in propping up Plotkin amid his battle with retail Reddit traders who were pumping up the price of GameStop.