Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

Olam CEO Goes on Camera to Dispute Claims Made by Short-Seller Muddy Waters

November 29, 2012 | About:
Earlier in the week GuruFocus provided a detailed short sale report on Olam International (OLMIF) prepared by Muddy Waters:

http://www.gurufocus.com/news/199126/muddy-waters-issues-a-comprehensive-strong-sell-report-on-olam-international

As well as an interview with the author of that report, Carson Block:

http://www.gurufocus.com/news/199147/muddy-waters-carson-block-on-incompetent-accounting

I’ve followed Muddy Waters pretty closely since it first started issuing short-sale recommendations publicly, and I have to say that he/they have been very accurate in their past claims.

This time however, the company being shorted is appearing on CNBC to state itscase, and its case is that Muddy Waters and several Hedge Funds are acting in concert to drive down the share price.

I don’t doubt that is true, but that doesn’t mean the claims made by Muddy Waters are wrong.

Either way it is great viewing as we can look into the eyes of an Olam executive and try to figure out what is going on.






Related links:


Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

Track Gurus’ Stock Purchases Daily – Real Time Guru Picks

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 3 days after the date of the transaction. This is just one of the features provided with GuruFocus Premium Membership.

Click Here to Try It Free!


Rating: 2.6/5 (5 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.