Muddy Waters Research

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Muddy Waters Research group
Privately Held
Industry Market Research
Headquarters New York, United States
Key people
 Carson Block
Number of employees
 1-10
Website [1]

Muddy Waters Research Group is a privately held due diligence based equity research company that identifies overseas Chinese stocks that it expects to change in value by 30% or more. The company is especially known[to whom?] for claiming to spot fraudulent accounting practices at Chinese companies.[1]

History

The company was founded by Carson Block, an American short-seller.[2] The company is named after the Chinese proverb “ 浑水摸鱼 ” 'catching fish in muddy waters'.[3]

Company became known to Wall Street when it released reports on Sino-Forest's timber holding,[4] which eventually lead to Sino-Forest filing for bankruptcy in Canada.

Muddy Waters proved unsuccessful in calls on companies such as American Tower Corp or Olam. [5] In 2016 they proved successful in calls on Ströer Media, a German out-of-home advertisement company. [6]

See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ http://dealbook.nytimes.com/2014/09/10/short-seller-carson-block-says-hes-wary-of-alibaba/
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ http://www.bloomberg.com/news/articles/2015-04-09/carson-block-s-once-perfect-short-sale-resume-losing-some-luster
  6. ↑ http://www.dgap.de/dgap/News/corporate/first-statement-stroeer-after-short-attack-hedge-fund-muddy-waters-capital-news-with-additional-features/?newsID=936301
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