Greenlight's David Einhorn pitches long on AerCap, short on GATX at Sohn Conference

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David Einhorn, president of Greenlight Capital, at the Sohn Investment Conferenc...

FILE PHOTO: David Einhorn, President of Greenlight Capital, Inc., presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid/File Photo

Einhorn said GATX has “trouble returning to pre-crisis usage levels,” while AerCorp shares are trading at half the book value and less than half the price-to-earnings of GATX’s shares. Einhorn, who told the Sohn Investment Conference that the theme of his pitch involved Trains, Planes and Automobiles, referencing a 1987 movie, reassured the audience that he still did not like Tesla Inc. Einhorn started out with a slide show of Tesla CEO Elon Musk’s statements about his electric car company and concluded by saying that’s “a lot of horseshit.”

Source: News Formal (newsformal.com)

 

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