May 8, 2013 / 11:17 PM / in 5 years

Greenlight's Einhorn favors Oil States International

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.

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