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-0.000471031559114367 0 -0.00235515779557234 -0.00471031559114451 -0.00518134715025904 -0.00141309467734344 -0.00471031559114451 -0.00423928403203014
Stock impact report

CNH Industrial: David Einhorn's Bold Bet Sends Shares Soaring Over 7% Today [Yahoo! Finance]

CNH Industrial N.V. Common Shares (CNH) 
Company Research Source: Yahoo! Finance
Industrial (NYSE: CNHI), sending the stock up over 7%. Einhorn didn't hold back, calling the agricultural equipment maker "cheap" and underappreciated. Nobody cares about it right now because the news isn't great, he told a packed room at CNBC's Delivering Alpha conference. But that's exactly the kind of setup Einhorn loves. With CNH trading at just 10 times its projected 2025 trough earnings of $1 per share, Einhorn sees upside potential of up to $2 EPS in the next upcycle. Translation? He thinks the stock could double. Warning! GuruFocus has detected 3 Warning Signs with CNH. What's fueling his optimism? CNH's fundamentals are rock-solid, even in a down cycle. The company is handing investors a 4.7% dividend yield and buying back stock while maintaining minimal financial leverage. Einhorn sees a cyclical rebound coming, driven by aging farming equipment and eventually higher crop prices. For context, agricultural equipment sales have been 20% below average this yearbut cycles fl Show less Read more
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