David Einhorn speaking at the Ira Sohn Conference in NY
- Says recovery in commodities will be much less than market thins
- Says mkt thins CAT is at a trough, but he is bearish ... thinks it bottoms in 2018 at $2 or less earnings per share
Says CAT is only worth half its current price
Einhorn likes GM - says its financially healthy and thriving
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His comments on commodities are reflecting a lot of what I'm hearing too - there is not much faith in the rally we have had