CNH Industrial: David Einhorn's Bold Bet Sends Shares Soaring Over 7% Today

GuruFocus11-15

David Einhorn (Trades, Portfolio), the contrarian hedge fund legend behind Greenlight Capital, just made waves by revealing a fresh position in CNH Industrial (NYSE: CNHI), sending the stock up over ...

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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 year—but cycles flip. “Three or four years from now, it'll probably be 20% above,” Einhorn quipped, highlighting the boom-bust nature of farming machinery. Investors patient enough to weather the current storm could be well-rewarded when farmers inevitably upgrade their fleets.Einhorn's bet on CNH also underscores his broader view of the market. He acknowledges the struggles of value investing in a world dominated by growth stocks but remains confident in spotting diamonds in the rough. “These things come and they go,” he noted, reinforcing his belief in long-term cycles. With a dividend to cushion the wait and a business primed","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","CNH":"凯斯纽荷兰环球","BK4152":"农用农业机械","LU1803068623.USD":"TEMPLETON GLOBAL CLIMATE CHANGE \"AH1\" (USDHDG) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","GRO":"Brazil Potash Corp."},"translate_title":"CNH Industrial：David Einhorn的大胆押注导致股价今天飙升超过7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNH":1,"GRO":1},"content_text":"David Einhorn (Trades, Portfolio), the contrarian hedge fund legend behind Greenlight Capital, just made waves by revealing a fresh position in CNH 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.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 year—but cycles flip. “Three or four years from now, it'll probably be 20% above,” Einhorn quipped, highlighting the boom-bust nature of farming machinery. Investors patient enough to weather the current storm could be well-rewarded when farmers inevitably upgrade their fleets.Einhorn's bet on CNH also underscores his broader view of the market. He acknowledges the struggles of value investing in a world dominated by growth stocks but remains confident in spotting diamonds in the rough. “These things come and they go,” he noted, reinforcing his belief in long-term cycles. With a dividend to cushion the wait and a business primed for recovery, CNH Industrial might just be the quiet win investors didn't see coming. For Einhorn, it's another classic play: find value where no one else is looking and ride the wave when sentiment shifts.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483381985"}