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

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.

You May Also Be Interested In

• Resolute Forest Products (RFP) Acquired by The Paper Excellence for $20.50/sh Plus Contingent Rights
• Just Eat Takeaway.com (JTKWY) and Amazon (AMZN) enter into commercial agreement in the US
• Netflix on Path to Lose 800k More Subscribers Compared to Guidance - Barclays