November 14, 2007
Another Valuable Role for Short Sellers
With true investigative journalists suffering from job cutbacks and claims of political bias, we have another source of truth telling, the short seller. A short seller tested the clothing make by Lululemon Athletica and found that, contrary to its claim, it was not made our of "seaweed." He toke a short position in the stock and released his study. The New York Times picked up the study, did one of its own, and wrote a confirming story. So now the NYT reports are watching clever short sellers for good information.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Another Valuable Role for Short Sellers: