Greenlight’s Einhorn calls Core Labs shares ‘way overvalued’

May 8, 2017 NEW YORK (Reuters) – Billionaire investor David Einhorn on Monday called energy services provider Core Laboratories substantially overvalued and said its share price could drop to $62. Speaking at the annual Sohn Investment Conference in New York, Einhorn stopped short of saying exactly how he was positioned but he has often presented so-called short ideas, including a bet against fracking companies in 2015. Core Lab shares began dropping as Einhorn kept talking, saying the company’s business is not a secular growth story but a cyclical business and…

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