The bears are really out in force today.
Now, Cannacord Guity's crack Quest unit, led by the well respected James Congdon, have released their latest short idea - Intertek, the FTSE 100-listed inspection and testing giant.
Scribblers at Quest argue: "We believe Intertek’s valuation does not reflect the fall in Cash Flow Returns on Assets"...
So, Viceroy's latest target was Medical Properties Trust, the US-listed healthcare property company. Below is the link to the short seller's note:
https://viceroyresearch.org/2023/01/26/medical-properties-distrust/..
First Hindenburg; now Viceroy.
Yesterday, renonwed short selling outfit Hindenburg Research released some fairly punchy allegations about billionaire Gautam Adani and the company he controls - India-listed Adani Group, the mining to energy conglomerate. Adani Group's shares subsequently collapsed with the company's market value losing around $10 billion. Below is a link to a more detailed report from The Guardian containing the allegations:..