Brighthouse Financial (BHF) Highlighted as an Inflation Play by David Einhorn

April 19, 2022 11:26 AM EDT

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Greenlight Capital's David Einhorn highlighted Brighthouse Financial (NASDAQ: BHF) as an inflation play, saying "it is difficult to find a company that we think benefits more from rising rates."

Einhorn notes that the rate increase just through the end of March will add $2 billion to the company's distributable earnings over the next 5 years. Meanwhile, the entire market cap is $4 billion. The two billion would equate to about $26 per share.



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