November 13, 2014
J Kyle Bass @ Hayman Capital Management, L.P.
Managing Partner & Founder, Hayman Capital Management L.P.
Macro Volatility, The Fed & Hayman’s Thoughts on GM
I sat down to speak with CNBC’s David Faber during Hayman's annual Barefoot Economic Summit 2 weeks ago. Among a number of topics, I shared with David Hayman’s expectations of significant volatility in foreign exchange markets as a result of changes in global monetary policy..
David also touches upon Hayman's long position in $GM, initially shared to Harvest here
http://hvst.co/1A5MNua . While the recall was an unforeseen “disaster,” fundamentally and operationally our initial thesis holds true. GM is currently trading at a near 20% FCF yield, and with the negative catalysts largely behind the company, we continue to hold the stock.
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