Short Seller Chanos: Buy the Power-Grid Build-Out
By: Andrew Fisher
Renowned short-seller James Chanos says his only long position these days is in the power-grid build-out companies. But he has a caveat about other types of building.
"We're short construction companies that are still doing physical build-out of buildings, say, for example, in Las Vegas," the president and founder of Kynikos Associates told CNBC. "It's just a disaster, from a construction point of view."
Recommendations:
One of his favorite power-grid builders is Quanta Services.
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- More Green News
Disclosures:
Disclosure information for James Chanos was not immediately available.
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More Power Grid Builders:
Foster Wheeler
Jacobs Engineering Group
McDermott International
Shaw Group
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Renowned short-seller James Chanos says his only long position these days is in the power-grid build-out companies.
