Eli
Long

DDS - Greenlight to 30% gains

NYSE:DDS   DILLARDS INC
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Dillards DDS found support on multi year lows about 5 times in the last 8 months depending on how one wants to measure it. Greenlight Capital disclosed in its latest investment letter that Einhorn is bullish on Dillards and has built a position. On the option front, 1,250 May 55 puts appear to have been sold on January 11th around $5.20.
We target $73, while that seems far away, DDS last touched the level in early December.
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