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GM Trades at 5.6x Earnings for a Reason; Subprime Lenders Can Too

David Einhorn of Greenlight Capital Inc. is no stranger to controversy.  Over the years, he has had a knack for shining a light on an asset and raising a valuation question.  He will wade into a capital structure issue as was the case in 2013 when he sued Apple Inc. to issue a dividend paying preferred stock.  Jeff K. Davis, managing director of Mercer Capital’s Financial Institutions Group, discusses this ...

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