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  "documentTitle": "Bayer AG (BAYN)",
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  "authorName": "David Einhorn",
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  "presentationDate": "2016-11-28 00:00:00",
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      "text": "A few years ago, I was a bear on Bear; today I am a buyer of Bayer.",
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      "text": "A few years ago, I was a bear on Bear; today I am a buyer of Bayer. Bayer is worth about 73 billion Euros with an Enterprise value of 104 billion Euros. Historically a chemicals and pharmaceutical company, Bayer is transforming into a life sciences company. It spun off Lanxess in 2005, and is now shedding Covestro, its remaining chemicals business.",
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      "text": "Price € 88.80; Shares Outstanding 827M; Market Capitalization € 73.4B; Net Debt (3Q '16) € 15.8B; Pension (3Q '16) € 14.5B; Enterprise Value € 103.7B",
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