Whitebox Shorting ‘Never Never’ Stocks in Graham Reversal
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Whitebox Advisors LLC is looking for the “Never, Nevers” to bet against in the stock market.
The $3.8 billion investment firm founded by Andy Redleaf said in a May letter to investors that it’s shorting 18 stocks, including Facebook Inc., LinkedIn Corp., Athenahealth Inc. and Under Armour Inc., that it believes will never make profitability their top priority or return cash to shareholders.