Block on CNBC Squawk Box Discussing New Kind of Activism – Morality Shorts
Block on CNBC Squawk Box discussing a new kind of activism - morality shorts. Watch the full interview here.… more
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Muddy Waters publie une communication sur les derniers développements de Casino Guichard-Perrachon et ses sociétés mères
En décembre 2015, Muddy Waters Capital avait mis en garde le marché contre Casino, Rallye et leur management, en particulier Jean-Charles Naouri. Nous avions déclaré que Casino était en train d’être vidé de sa substance afin de supporter le fardeau de dette insoutenable des holdings situées au-dessu… more
Muddy Waters Releases Statement on Developments with Casino Guichard-Perrachon and its Parent Companies
In December 2015, Muddy Waters Capital warned about Casino, Rallye, and their management – in particular Jean-Charles Naouri. We stated that Casino was being hollowed out to support an unsustainable debt burden in the holding companies above it. We also made clear that Casino was materially misleadi… more
Credibility in the Balance: Six Key Questions for INGN Management (INGN US)
On February 8th, Muddy Waters released a report in which we stated that INGN has created an egregiously false narrative about its growth prospects, particularly with respect to the size of the U.S. total addressable market (“TAM”) for oxygen therapy. INGN was in the quiet period, and thus did not re… more
MW is Short Inogen, Inc. (INGN US)
Muddy Waters is short Inogen, Inc. (INGN) because we believe management has created an egregiously false narrative about the Total Addressable Market (“TAM”) size and growth. We estimate the U.S. market is 1.3 million users. The data shows us that the market is actually shrinking. We believe that… more
MW is Short Manulife Financial Corp. (NYSE: MFC US)
Muddy Waters is short Manulife Financial Corp. (“MFC”). MFC’s life insurance subsidiary, The Manufacturers Life Insurance Company (“Manulife”), just concluded a trial that could significantly damage its earnings, capital, creditworthiness, business, and solvency – per its own expert’s sworn affidav… more
TAL Education: A Real Business With Fake Financials Part IV (NYSE: TAL US)
In addition to reporting fraudulent profits, TAL has been misleading investors about the health of its core Peiyou business. TAL’s core Peiyou business appears to be in decline. We believe that Peiyou offline Q3 revenue YoY growth was likely negative, despite TAL CFO Rong Luo stating the growth ra… more
TAL Education: A Real Business With Fake Financials Part III (NYSE: TAL US)
In this brief presentation we explain why we think Peiyou offline enrollments are declining.… more
TAL Education: A Real Business With Fake Financials Part II (NYSE: TAL US)
We began our series discussing two transactions where not only is the evidence of fraud is, in our view, clear and convincing; but, the impacts can be quantified. From the outside, fraud is usually difficult to quantify – even analysts who specialize in detecting fraud usually struggle to estimate… more
Latest News
Block on CNBC Squawk Box Discussing New Kind of Activism – Morality Shorts
Block on CNBC Squawk Box discussing a new kind of activism - morality shorts. Watch the full interview here.… more
Block on Yahoo Finance Discussing Morality Shorts
Block on Yahoo Finance Video discussing morality shorts. Watch the full interview here.… more
Block Presenting at Kase Learning Conference in New York (December 3, 2018)
Carson Block presenting at the Kase Learning Conference in New York on December 3, 2018. Watch the full presentation here.… more
Block on Bloomberg Markets Discussing Latest Short, Manulife Financial Corp.
Carson Block on Bloomberg Markets with Erik Schatzker discussing MW’s latest short, Manulife Financial Corp., Canadian pot stocks and the Chinese government’s hardware hack of U.S. technology companies. Watch the full interview here.… more