NEW YORK, May 8 (Reuters) - David Einhorn, president of $8.8 billion hedge fund Greenlight Capital, said Wednesday that Oil States International is a high-quality business relative to competitors.
Einhorn, speaking at the Sohn Investment Conference in New York, said the company is a more 'higher quality' and 'durable' business than the average and that it has a 'meaningful' competitive advantage.
He said the market 'doesn't appreciate' that OIS, a provider of specialty products and services to natural resources companies, has higher-margin, higher-multiple businesses than its competitors.
(Reporting by Sam Forgione) Keywords: FUNDS IRASOHN/EINHORN
(Sam.Forgione@thomsonreuters.com)(646-223-6189)(Reuters Messaging: email@example.com)
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