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Notes from Chanos and Gabelli at exclusive Hedge Fund Dinner in NY   Message List  
Reply | Forward Message #7 of 34 |
Re: Notes from Chanos and Gabelli at exclusive Hedge Fund Dinner in NY Dec. 12,

Please, which NYC Hedge Fund was it?
Could someone corroborate Chanos position?

--- In buffett_munger_berkshire_shareholders@yahoogroups.com,
"benbyrnes" <benbyrnes@y...> wrote:
>
> Stock Picks from Chanos, Gabelli and Michael Karsch (Karsch Capital
Group)
> Jim Chanos - Short on PRTY (PartyGaming). This company is part of the
> poker craze. It is based in Gibraltar and the background of
> management is questionable. Nielsen ratings are showing single-digit
> to double digit declines of poker TV shows (the only exception is
> ESPN's poker show). Chanos says this is often a leading indicator as
> it happened with Martha Stewart. Interesting story: He recently heard
> there is a firm in NYC who hires quants from Oxford and India to play
> online poker and make money for the firm. Crazy?
> Mario Gabelli - Long on Danone Yogurt (Symbol: DA). Wellness and
> convenience is growing around the world. The yogurt is a 45 Billion
> industry. Danon is selling for 21$, growing revenues 6-10%
> organically, and cash flow will grown 12%. Danon's sales in China is
> $1 billion dollars and growing rapidly. (Joked that people should
> short Brewers, Bucks as he was ribbing Chanos who hails from Milwaukee
> and is short many of the stocks Gabelli is long.)
> Michal Karsch - Long Renault. Thinks that the selling in the auto
> sector is overdone, and that people will continue to use cars. Renault
> owns Nissan. Also picked Omnicare, which just purchased the largest
> competitor that increased its market share to 50%. Payor mix has
> significantly improved.
>
> Interestingly, the 2 long ideas were outside of the US. Danone and
> Renault.
>








Tue Dec 13, 2005 9:00 am

mdjapg@...
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Message #7 of 34 |
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Stock Picks from Chanos, Gabelli and Michael Karsch (Karsch Capital Group) Jim Chanos - Short on PRTY (PartyGaming). This company is part of the poker craze....
benbyrnes
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Dec 13, 2005
4:22 am

Please, which NYC Hedge Fund was it? Could someone corroborate Chanos position? ... Group)...
mdjapg
mdjapg@...
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Dec 13, 2005
12:40 pm

"Michal Karsch - Long Renault. Thinks that the selling in the auto sector is overdone, and that people will continue to use cars." Now ya gotta admit... that's...
Mike
mike@...
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Dec 13, 2005
12:42 pm
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