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2 个月内
Greenlight's Einhorn calls Core Labs shares 'way overvalued'
2017年5月8日 / 晚上8点12分 / 2 个月内

Greenlight's Einhorn calls Core Labs shares 'way overvalued'

1 分钟阅读

NEW YORK, May 8 (Reuters) - Billionaire investor David Einhorn on Monday called energy services provider Core Laboratories substantially overvalued and said its share price could drop to $62.

Speaking at the annual Sohn Investment Conference in New York, Einhorn stopped short of saying exactly how he was positioned but he has often presented so-called short ideas, including a bet against fracking companies in 2015. Core Lab shares began dropping as Einhorn kept talking, saying the company's business is not a secular growth story but a cyclical business and that oil prices are unlikely to rally sharply. The stock ended the day down 2.36 percent at $110.75. (Reporting by Svea Herbst-Bayliss; Editing by Meredith Mazzilli)

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