Thursday, March 5, 2009

Jim Chanos: Short Construction, Long Power Grid Buildout (PWR)

From Market Folly:

Jim Chanos, noted short seller and manager of hedge fund Kynikos Associates recently appeared on CNBC and shared some of his views. His bearish stance on infrastructure in general is not necessarily new. He likes being short construction plays, but also likes being long infrastructure that plays the power grid buildout. Chanos says,

"We're short construction companies that are still doing physical build-out of buildings, say, for example, in Las Vegas."
In terms of the power grid, Chanos likes being long names such as Quanta Services (PWR)....MORE
He has the vid.

See also "Grid: Is Quanta Services the Ultimate Infrastructure Play? (PWR)"