Why billionaire investor David Einhorn is loading up on a struggling agriculture stock 'no one cares about' [Yahoo! Finance]
CNH Industrial N.V. Common Shares (CNH)
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Source: Yahoo! Finance
Einhorn's Greenlight Capital is also increasing inflation bets after Donald Trump's election. Famed hedge fund investor David Einhorn isn't one to shy away from market rejects — even if the stock in question was down more than 17% year-to-date as of Wednesday. The Greenlight Capital founder disclosed that he has built a position in CNH Industrial , a global firm that sells agricultural equipment. "It's exactly the kind of situation that absolutely nobody cares about right now because it's cheap, and the news over the next period of time probably isn't going to be very good," the billionaire manager said during CNBC's Delivering Alpha conference on Wednesday. The value stock is part of Einhorn's strategy to snap up overlooked companies in today's expensive market. "There are things that are truly despised and hated and cheap on an absolute basis that I think makes sense to own," he said. CNH's stock does appear to be cheap, as company shares have been weighed down by an ag
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