Greenlight’s Einhorn Says Housing Is Rebounding

Greenlight Capital RE (NASDAQ:GLRE) held it's meeting for investors yesterday May 21. Those attending the conference heard the housing market was rebounding and got a look at the firm's recent performance and future plans.

The main thrust of the presentation at the meeting is that Greenlight needs the market to improve in order to take advantage of its potential. According to the firm's executives the company is ready to take advantage of growth when it happens.

Low interest rates, economic uncertainty and aging, and increasingly unhealthy, population in the United States are all pointed to as caps on the firm's ability to perform...