Einhorn Gets Burned By CONN'S, Inc. (CONN) Again

CONN'S, Inc.(NASDAQ:CONN) is plunging yet again this year, down by over 36% in early market trading. The stock has wiped out all its gains and then fallen some more. Conn's was trading at $22 in pre-market. expanding its total loss for the year to 70%.

Einhorn down 40% on CONN’s

David Einhorn's Greenlight Capital is the second largest holder of Conn's according to third quarter 13f filings. The fund holds 3.5 million shares of the company and mentioned in its Q1 letter that the position was acquired at an average price of $35.49. So far Greenlight has sustained a 40% loss on its position in Conn's. Even though Einhorn is one of the largest holders of Conn's, the position is not big compared to...