(CNBC) Hedge fund manager David Einhorn is bearish on bond insurer Assured Guaranty. Assured Guaranty’s “pretax income looks likely to collapse,” he said at The Sohn Investment Conference in New York Monday. “The shrinking profits should pressure [share] buyback capacity … It’s a melting ice cube that is paying out the drops while it can.”
Hedge Fund Manager David Einhorn Is Betting Against Assured Guaranty
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