Wednesday, 28 November 2012

Muddy Waters released its report about Olam

Muddy Water released its 133-page report about Olam, the link can be found here. Many issues are very (accounting) technical in nature, and it will take time to digest the information. Also, we need to see the official reaction from Olam on the report. In the Business Times (Singapore) a lot of attention for the report, which contains quite a lot of recycled old articles, critical comments made by other analysts in the past.

Carson Block, founder of Muddy Waters Research LLC, talks about Olam International Ltd.'s accounting methods, risk of failure and business planning. Block, speaking with Stephanie Ruhle and Tom Keene on Bloomberg Television's "Market Makers," also discusses short-selling strategies.

More can be found here: "Why Short Seller Carson Block Is Done Exposing Chinese Frauds"

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