Porsche - The Hedge Fund?

I heard about this through Bloomberg and the New York Times wrote an excellent article explaining the finer points of a “corner”.  Very strange behavior out of a car maker at best.  If you have some time, give it a read.

That is some crazy stuff … “a profit is a profit”

Their press releases have always been colored with an amazing fear of takeover. Such an interesting strategy to just take over one of the big guys.

Here is another article from the Economist with an absolutely staggering graph.

http://www.economist.com/finance/displaystory.cfm?story_id=12523898

It appears they came out on the good side of this “corner” but wow, it could have broken bad.

My favorite periodical just published a fairly detailed article on what exactly went down.