York Capital's Jamie Dinan Likes Coca-Cola Enterprises And ING (CCE, ING)
Jamie Dinan of York Capital presented at the Ira Sohn Conference yesterday, an event that is moving the markets today. Dinan's first idea was Coca-Cola Enterprises (NYSE: CCE). He cited the company's attractive free cash flow as one of the reasons for his bullish stance.
Dinan is also betting on ING (NYSE: ING). The company is a global financial institution offering banking, investments, life insurance and retirement services. During today's trading session, the stock has surged 8.76% to $8.07, with much of the momentum likely stemming from Dinan's presentation.
Dinan also said that post bankruptcy equities are an attractive space to allocate capital. He cited Lyondell (PINK:LALLF) as an example. He thinks the shares are worth $22, compared to their current price of $17.89.
