Oct 30, 2008

that porsche sure does corner well

Floyd Norris explains Porsche's corner strategy on Volkswagen this week, which will likely end up netting them billions of euros. "If this works, Porsche will have made billions from a car company at a time when cars are not selling very well. ... If it comes to a question of whether regulators step in, Porsche has the advantage of facing off against short-selling hedge funds. There may not be a less popular group of investors, and their losses would provoke little sympathy."

And yes, the post title is deliberately bad.