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☆ Are office buildings the next 'Big Short' or the next widow-maker trade? The trader behind the ubersuccessful mall short shares his playbook for making money without flaming out.
▼ + stars: | 2023-08-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +16 min

Dan McNamara's Polpo Capital is shorting office real estate, a risky move that could be lucrative. If you're looking for a doomsday vision of commercial real estate, you can find it there. "I don't think this is the 'Big Short,'" McNamara told me. This doesn't mean he doesn't have a game plan to make money off cultural shifts that could forever change the state of commercial real estate. Lucas Jackson/ReutersWhere he's going longOne risk of shorting real estate is that it's more susceptible to what's known in real-estate circles as "extend and pretend."

Persons: Dan McNamara's, McNamara, it's, It's, shorting, Carl Icahn, Jim Chanos, Brendan McDermid, Dan McNamara, McNamara's, Braver Stern, Dan McNamara McNamara's, suede loafers, McNamara didn't, Josh Nester, Polpo, he's, Morgan Stanley, Kamil Sadik, Lucas Jackson, Manus Clancy, You've, David Tepper's, Trepp's Clancy, Clancy, David Tepper Organizations: Central Park, New, Polpo, New York University, Columbia, Kynikos Associates, Enron, Asset Management, Reuters, UBS, Co, Societe Generale, Securitized Credit Partners, Credit Suisse, MP, Fund, Bloomberg, of America, Simon Property, Federal Locations: Manhattan, Sixth, Central, New York City, New York, MatlinPatterson, America, China, Italy, Westchester , New York, Tribeca, York, Westchester, Waterford , Connecticut, Baltimore, San Francisco

☆ 'Big Short' investor Steve Eisman on the hardest lesson he's had to learn over the years
▼ + stars: | 2023-07-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" revealed a mistake he's made when trying to deploy his strategy of betting against stocks that made him famous. He said the failure of that trade made him realize the challenge of betting against a stock that doesn't trade on fundamentals. "The hardest thing that I have found over the years, is trying to short cult stocks, or meme stocks, they seem to go up on nothing," Eisman said on CNBC's " Squawk Box. " His success was chronicled in Michael Lewis' "The Big Short," and the subsequent Oscar-winning movie based on the book. Eisman said he was shocked by the stock's rally despite the EV company's drastic price cuts recently.

Persons: Steve Eisman, he's, Neuberger Berman, Eisman, shorting, Michael Lewis, Elon, Jim Chanos, Tesla, it's Organizations: Tesla Locations: United States

☆ Return to Office, Recession Fears End Wall Street's Hamptons Work-From-Home Party
▼ + stars: | 2023-07-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

It may seem counterintuitive, but the pandemic was like a brief visit to Shangri-La for Wall Street. For the first time in years, Wall Street has to sing for its supper. A return to the office also means a return to more-classic Wall Street social norms. Wall Street, for all its highfalutin personalities and big paydays, is an apprenticeship system. For Wall Street, the heart of the pandemic was a moment to consider what life would be like at a slower, more-nurturing pace.

Persons: You've, Crypto, Dealmaking, Goldman Sachs, me, Seth Klarman, Klarman, Lee Felty, Harrison, Felty, Jim Chanos, Chanos, Jamie Dimon, David Solomon wouldn't, Fenty, Goldman, Solomon, Wall, Young, It's, Al Mare, Topping Rose, Jean, Georges, Maison, Wall Streeter, Linette Lopez Organizations: Wall, JPMorgan, Hamptons, CNBC, Compass, Chanos, East Hampton, Citigroup, Bloomberg, SoHo Locations: New York, East, Manhattan, Long, Stocks, Bridgehampton, It's

☆ A short seller with an over 90% win ratio shares the 9 indicators that make for a 'beautiful stock to short'
▼ + stars: | 2023-07-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But as he continued researching online, he came across the idea of stock trading. He noted that when you sell a stock short, your gain is limited to the value of the stock. However, your loss is unlimited, depending on how high a stock's price could rally. Since the stock's price was below $2, he waited for a reversal for confirmation. The short interest rate could indicate how many traders are trying to short a stock.

Persons: David Capablanca, didn't, it's, Capablanca, Timothy Sykes, Sykes, he'd, TraderSync, David Olivares, Olivares, isn't, Norman Zadeh, Jim Chanos, John Paulson, Zadeh, CISO Organizations: University of Florida, University of California, Millionaire, Capablanca's, Interactive, United States, Capablanca, Super League, Gamestop, Twitter Locations: Los Angeles

☆ Analysis: Heroes or villains: Short sellers' role in the U.S. bank crisis
▼ + stars: | 2023-04-09 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +7 min

How much short sellers contributed to the downward spiral reprises the debate about whether so-called shorts are market watchdogs or opportunistic investors who profit from others’ misery. In the case of the banking crisis, a review of data and interviews with short sellers and their critics show, the answer may be both. Some high profile short sellers were later celebrated as making prophetic calls about the U.S. housing market. Even so, interviews and public postings show at least some short sellers had placed bets against regional banks well before the crisis hit. SHORT POSITIONSSuch early short sellers, however, were in the small minority.

☆ Wall Street Elite Investors Will Profit From Banking Crisis, Stock Market Chaos
▼ + stars: | 2023-03-29 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

Dumb because they were run by bankers who failed to do the business of banking or manage risk. But other investors, the kind of Wall Street sharks who thrive on uncertainty, stand to make a killing. While some of the sharper investors on Wall Street see this mess as an opportunity, chaos cannot suit everyone. Last week the Federal Reserve reiterated its commitment to fighting inflation and continued to hike interest rates. The new rules — higher interest rates — will remain for the foreseeable future.

One hedge fund manager described trades in the financial sector as being "all over the map", with nobody agreeing on anything. Some breathed a sigh of relief that a competitor stepped in with a rescue offer for Credit Suisse. Others worried that the $3.2 billion UBS will pay is far less than the $9.5 billion Credit Suisse was valued at on Friday, and one investor said the market may not consider this to be a positive. loadingLater, short seller Jim Chanos tweeted his shock that $17 billion of Credit Suisse bonds would be wiped out, asking "What are the Swiss doing here…?!" There was also little agreement on how investors would be positioning themselves in smaller U.S. banks, including First Republic.

☆ David Einhorn on his winning short 'bubble basket' strategy that he's continuing
▼ + stars: | 2023-03-01 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Hedge fund manager David Einhorn said Wednesday that he is continuing his bets against "bubble baskets" of stocks that helped Greenlight Capital rebound in 2022. In his annual letter released last month, Einhorn defined a bubble stock as one that "could fall at least 80% and still not appear cheap to us." Einhorn told CNBC on " Halftime Report " on Wednesday that the firm is still betting against some of those stocks. The fund manager said Greenlight is still betting against that basket of stocks, though at a smaller weight. "I think most people in the market right now cannot do valuation, they choose not to do valuation, or structurally they're valuation agnostic," Einhorn said.

☆ Things are not cheap and we continue to see rallies led by lower-quality stocks, says Jim Chanos
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThings are not cheap and we continue to see rallies led by lower-quality stocks, says Jim ChanosShort seller Jim Chanos, founder of Chanos and Company, joins 'Closing Bell' to discuss shorting Coinbase, low-quality stock rallies, concerns associated with GE and opportunities in solar power.

☆ Billionaire investor Jim Chanos says short on GE shares - CNBC
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: 1 min

Feb 22 (Reuters) - Jim Chanos is short on General Electric Co (GE.N), the billionaire investor said in a CNBC interview on Wednesday. Chanos added the company's fair value was "way below" its current stock price, which pared gains after the comment and was last trading up 0.6% at $82.63. GE in January forecast a lower-than-expected full-year adjusted profit as it struggles with ongoing supply chain disruptions and persistent problems at its money-losing renewable energy business. The short-seller also said he was short on cryptocurrency exchange Coinbase Global Inc (COIN.O), adding it did not seem to have sustainable income sources. Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Chanos says he’s still betting against Coinbase even with a 70% rally this year
▼ + stars: | 2023-02-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Famed short seller Jim Chanos said Wednesday that he's still short Coinbase even as shares of the crypto exchange rallied more than 70% this year alone. The crypto exchange reported $629 million in revenue, compared to $590 million as expected by Refinitiv analysts. COIN 1Y mountain Coinbase The founder of Chanos & Co. said that Coinbase makes money in two areas — increased commission rates for retail investors and omission of interest on customer deposits. Effectively... round trips for the fourth quarter were costing retail investors 3%, up from 2.7% in the previous quarter," Chanos said. "I just don't think that's a sustainable model as we go from 0% interest rates to 5% interest rates, not paying interest on customer deposits will also be competed away."

☆ The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard
▼ + stars: | 2023-02-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Adani Group companies have lost over $110 billion in market value in the past fortnight. These losses eclipse those at other short seller targets like Enron and Wirecard. Enron lost more than $65 billion between August 2000 and December 2001 when it filed for Chapter 11 bankruptcy, per Bloomberg's record. In Wirecard's case, it was short seller Fraser Perring, who in a 2016 report, accused the payments firm of money laundering and fraud. Shares of Adani Transmission, Adani Green Energy, and Adani Power were also up.

MIAMI, Feb 2 (Reuters) - The mood at the annual 'Miami hedge fund week' gatherings this week was as bright as the winter sunshine, with one notable dark cloud on the 2023 horizon: U.S. stocks. But right now in the hedge fund and alternative market investor community, reluctance to get sucked in is trumping fear of missing out. And there is no shortage of reasons why - inflation, weak earnings, squeezed margins, recession, 'higher for longer' interest rates. Despite massive Fed tightening and the prospect of liquidity drying up significantly this year, investors see opportunities out there. This suggests equity investors are betting heavily on the Fed successfully engineering a 'soft landing' - possible, but far from certain.

☆ Famed short-seller Jim Chanos says he's still betting against Tesla as the EV maker 'wrestles' with margin pressures and increased competition
▼ + stars: | 2023-01-31 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Jim Chanos said he's still shorting Tesla as the EV maker faces margin pressures and increased competition. He expects the Elon Musk-run carmaker's margins to fall as its China market weakens. Meanwhile, Tesla faces competition from Chinese automakers including Nio and BYD who are taking massive market share. And China right now is their weakest market," Chanos said in a CNBC interview on Monday. According to Chanos, Tesla's challengers include Chinese automakers like Nio, Xpend, and BYD.

☆ Watch CNBC's full interview with famed short-seller Jim Chanos
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with famed short-seller Jim ChanosJim Chanos joins CNBC's "Fast Money" to discuss rising tensions with China, his short-selling strategy and his short position on Tesla shares.

☆ Jim Chanos says he's still shorting Tesla as EV competition increases, profit margin peaks
▼ + stars: | 2023-01-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Famed short seller Jim Chanos said Monday he's still betting against Tesla as competition in the electric vehicle market ramps up. However, China is now the weakest market for Tesla, Chanos said. "It trades at a premium … actually trades at a premium in terms of its multiples to Ferrari and Porsche." Chanos said Tesla has a major footprint in China, generating a significant amount of profits in the developing country. "Tesla trades at a premium to those companies who are growing faster than they are in China.

☆ Jim Chanos is still short Tesla: 'The bears were wrong... but now they're not'
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Chanos is still short Tesla: 'The bears were wrong... but now they're not'Jim Chanos joins CNBC's "Fast Money" to discuss his take on Tesla shares.

☆ Jim Chanos: Bear market is doing something unheard of in my career
▼ + stars: | 2023-01-30 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

According to Chanos, the market will not be able to overcome rising rates and falling corporate profitability. "I've been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previous peak earnings," the Chanos & Co. founder told CNBC's " Fast Money " on Monday. Chanos notes the market is anticipating corporate profits rising 12% this year, 2% inflation and a Fed rate cut within the next six to seven months. "That's pretty much nirvana if you're a bull," he said. Chanos, who said he doesn't try to time the market, doubts the bullish scenario will unfold.

☆ AMC Entertainment plunges 22% after the struggling meme stock proposes a reverse stock split and APE share conversion
▼ + stars: | 2022-12-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AMC proposed a 1-for-10 reverse stock split and the conversion of all APE units into AMC common shares. There's a big gap based on current prices, with AMC's common stock trading just over $4, while the APE stock is trading just over $1. Going long APE shares and short AMC common stock was a trading strategy utilized by famed short-seller Jim Chanos earlier this year. AMC CEO Adam Aron said in a press release that converting APE shares into common stock will address that spread. Since AMC issued its APE units in August, the share price is down 88%, even when considering Thursday's near doubling in the stock price.

☆ Tech kept talent happy doling out stock during the boom. It's screwing investors in the bust.
▼ + stars: | 2022-12-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +5 min

As tech stock prices plunge, firms are granting new stocks to staff to keep compensation high. But as stock values tumble in the second half of 2022, investors are looking at the increase in stock-based compensation (SBC) as an issue. And tech companies have been issuing a lot of shares to not only attract new employees but hang on to their existing ones. Peloton granted more than 4 million stock options and 1.7 million RSUs in its fiscal year that ended in June 2021. "The drop in the stock price makes the expense, for lack of a better way to phrase it, a lot more expensive," he added.

☆ Short seller Jim Chanos says this 'crummy' entertainment company is 'excessively overpriced' and could drop 50%
▼ + stars: | 2022-11-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Famed short seller Jim Chanos is on to his next stock to bet against: concert ticket platform Live Nation . The founder of Kynikos Associates unveiled his bearish take on Live Nation at Forbes Iconoclast Summit 2022 Thursday. "One company that epitomizes that and still we think trades at nosebleed valuations for what it is, is Live Nation," Chanos said. Shares of Live Nation are already down more than 36% this year, but Chanos believe it has "a lot further to go," saying it could easily drop another 50%. Live Nation didn't immediately respond to CNBC's request for comment.

☆ Legendary short-seller Jim Chanos says investors are overlooking a major risk - China's real-estate crisis: 'We ignore it at our own peril'
▼ + stars: | 2022-09-29 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Investors are underestimating the risks in China's real-estate crisis, Jim Chanos told CNBC. "Almost every large company in China has a real estate development arm — so it's not just the developers," he said. Building by Evergrande, the country's second-largest developer, helped drive a decades-long boom in real estate that in turn helped fuel growth in China's economy. Overseas investors have over looked the struggles in China's real-estate sector, despite its importance. "Residential real estate is 20 to 25% of the Chinese economy, which is a stunningly large number," he said.

☆ Jim Chanos says this is the biggest investing story that no one is talking about
▼ + stars: | 2022-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Beneath all the clamor over Russia's invasion of Ukraine and the efforts to tamp down inflation, investors are largely passing over a huge story in China, famed short-seller Jim Chanos said Wednesday. Troubles in the Chinese real estate market are a distant third to the war and rate hikes targeted at containing inflation. The nation faces a deepening crisis caused by multiple factors, resulting in the worst plunge in home sales since China started allowing private property sales in the late 1990s. Evergrande, China's second-largest property developer, has come under scrutiny for its financial dealings and defaulted on dollar-denominated bonds, making it a symbol of the China real estate bubble. "You have to understand that like Tokyo... almost every large company in China has a real estate development arm.

☆ SunRun is the aluminum siding of the 21st century, says Jim Chanos
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSunRun is the aluminum siding of the 21st century, says Jim ChanosLegendary investor Jim Chanos and Carson Block, investor and founder of Muddy Waters Research, join CNBC's Dominic Chu at the Delivering Alpha conference to discuss investing in alternative energy given the focus following the Inflation Reduction Act.

☆ Jim Chanos: The fact there's a meltdown among Chinese developers is a major story
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Chanos: The fact there's a meltdown among Chinese developers is a major storyLegendary investor Jim Chanos and Carson Block, investor and founder of Muddy Waters Research, join CNBC's Dominic Chu at the Delivering Alpha conference to discuss the meltdown in the Chinese real estate market and how it should be a much bigger story than it is.

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