China short-selling: Short shrift?
“The chairman just threatened to have me killed.” Delivered in a panicked voice, the statement brought proceedings to a standstill. As it happened, the meeting had been convened to share the news of my imminent departure with staff. But my bombshell merely spluttered in the face of this far more shocking announcement – one that originated in the “China fraud stocks” scandal of 2010-2011 when it seemed that every US-listed mid-cap Chinese company was on the run from short sellers.
There is a place for short-sellers in every market and research firm Muddy Waters deserves some credit for revealing the exaggerated earnings of several companies. Many of these firms went public in the...
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