David Einhorn Sees Value in CNH Industrial as a 'Cheap' Agricultural Investment

David Einhorn of Greenlight Capital has taken a medium-sized position in CNH Industrial, viewing it as a value play in the agricultural machinery sector, which he believes is nearing the end of a bearish cycle. Speaking at CNBC's Delivering Alpha conference, Einhorn highlighted CNH's strong dividend yield and stock buyback program, suggesting that demand for agricultural equipment will rise as aging machinery needs replacement. Following his comments, CNH shares rose over 7% in extended trading.