Burbank Reiterates CF Industries Buy, Market Says No Thanks

John Burbank of Passport Capital can’t believe how the market is ignoring CF Industries Holdings. The man who shorted sub-prime debt leading up to the 2008 financial crisis is wary of the 2016 economic environment, so when he does have longs in his portfolio to hedge his short market exposure he wants them to be strong, and CF Industries fills the bill, he says.  But the market isn’t buying it, as the stock is down sharply in early morning trading.

Burbank: Street covers CF Industries poorly, they don't care

Burbank said he got bearish commodities 3.5 years ago, and still bearish. He thinks the stock market in 2016 will be...