Greenlight
Our archive holds 5 letters from Greenlight, behind 9 investment theses. Every quote below is copied verbatim from the letter it came from.
Theses · 9
- March 2026
SLM Corporation is the leading private student lender with mitigated credit risk via cosigners, growth potential in graduate lending, and significant buyback capacity at a low multiple.
Read the full thesis - March 2026
Versant Media Group is a Comcast spin-off with resilient live content, growing non-Pay TV assets, and an attractive sub-4x EBITDA valuation after forced selling.
Read the full thesis - March 2026
Crocs, Inc. is a global footwear brand with industry-leading margins, strong international growth, attractive ~6x 2026 EPS valuation, and substantial share buybacks.
Read the full thesis - December 2025
Global Payments is reshaping its portfolio with Worldpay, targeting significant free cash flow and shareholder returns to drive re-rating.
Read the full thesis - September 2025
Pacific Gas & Electric (PCG) is a California utility company that is expected to recover from recent wildfire-related challenges and close the valuation gap with its sector peers as legislative support for wildfire funding progresses.
Read the full thesis - December 2024
CPRI is a company we increased our position in despite a court blocking its merger, as we believe its interim poor results reflect management distraction and that there is strategic potential for recovery with its Versace and Jimmy Choo brands.
Read the full thesis - December 2024
CNC is trading at a historically low valuation despite its status as the largest Managed Medicaid company, with potential for significant repricing in its core Medicaid business over the next two years amidst current concerns.
Read the full thesis - December 2024
CNH is a leading agricultural equipment manufacturer poised for a recovery despite current downturns, with an estimated bottom earnings of $1 per share, an attractive entry price, and ongoing shareholder returns through dividends and stock buybacks.
Read the full thesis - December 2024
Peloton is a company with a loyal customer base that, despite a 98% stock decline from its peak, has potential for significant upside through cost-cutting and improved profitability.
Read the full thesis
Letter archive · 5
Funds · 2
- Greenlight Capital4
- Greenlight1
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