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  "documentTitle": "Core Laboratories (CLB)",
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  "authorName": "David Einhorn",
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  "presentationDate": "2017-05-08 00:00:00",
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  "notes": "The table highlights that Core Lab's current multiples are significantly higher than the peer average and its own prior peak multiples.",
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      "text": "And it trades at a massive premium to its oilfield service peers – more than twice the multiple of prior peak earnings.",
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      "text": "And it trades at a massive premium to its oilfield service peers – more than twice the multiple of prior peak earnings. Two reasons bulls give to justify this are Core’s seemingly secular growth, and its industry-leading Return on Invested Capital (ROIC).",
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      "text": "Source: Bloomberg LP, retrieved May 5, 2017. Peer constituents selected in the sole discretion of Greenlight. 2018 P/E presentation excludes Oceaneering Intl ratio of 129.5 in the sole discretion of Greenlight as this is not a meaningful figure for investors.",
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