Muddy Waters Research

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

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 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 advertisment company. [6]

See also

References

This article is issued from Wikipedia - version of the Saturday, April 23, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.