Olam CEO Goes on Camera to Dispute Claims Made by Short-Seller Muddy Waters
As well as an interview with the author of that report, Carson Block:
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.
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.