We've posted up notes from the Sohn Conference New York and today are also posting the slideshow presentation from David Einhorn of Greenlight Capital. He pitched a short of Core Labs (CLB) with the thesis that it's a cyclical company disguised as a secular grower.
He thinks fair value is $62, or around 40% lower as the company has exposure to international oil field capex budgets that won't recover.
Embedded below is David Einhorn's Sohn conference presentation on Core Labs:
You can download a .pdf copy here.
For more from this conference, we've also posted up Bill Ackman's presentation on HHC.
Wednesday, May 10, 2017
David Einhorn's Sohn Presentation: Short Core Labs
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