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In a letter to shareholders, David Einhorn backs General Motors (GM -0.1%) to see more gains in...

In a letter to shareholders, David Einhorn backs General Motors (GM -0.1%) to see more gains in share price. The investor notes GM has substantial excess capital and will reward investors through the considerable amount of buybacks which should be upcoming. GM is Greenlight Capital's third largest long position behind Apple and Cigna. (Greenlight Capital letter .pdf)
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