Steve Eisman, an investor best known for shorting stocks, says he's betting long on a Schaumburg, IL-based company that provides communications systems for law enforcement and emergency responders.
, a Schaumburg, Illinois-based company that provides communications systems for law enforcement and emergency responders.on Monday. "What I really like about it is that it has very good management...it's an oligopoly, it's lightly regulated, and its business has gotten better over the last couple of years.
"I don't have to worry about China. I don't have to worry that much about a recession. It's about as idiosyncratic a long as you could imagine," he said. Eisman is managing director and senior portfolio manager at Neuberger Berman. He's renowned for his bet against the subprime mortgage debt that helped spark the 2008 financial crisis. His story became the basis of the Michael Lewis' book, "The Big Short," which also became a movie.
Eisman told CNBC he doesn't see looming economic issues beyond the global industrial recession, which he says is not the same thing as a recession.
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