David Einhorn Believes Peloton Is Undervalued, but His Bull Case Comes With a Big "If"

The high-profile hedge fund manager has no solution for the company's biggest problem right now.Shares of Peloton Interactive (PTON 3.59%) are undervalued, according to hedge fund manager David Einhorn. Speaking at a recent investor conference, the founder and chief of Greenlight Capital argued the fitness equipment maker's stock could be worth as much as $31.50 per share. That's about 330% higher than where the stock trades as of this writing.The catch? The struggling company needs to ... tweak a few of it ...