• 07 Jun 2011 at 11:56 AM

Muddy Waters Just Getting Started On Sino-Forest

By

That report they released last week? Wasn’t even their best material, according to founder Carson Block who told reporters today from an undisclosed location there’s so much more where that came from and that anyone long Sino should probably be quaking in their boots. You don’t even know.

Carson Block, the short seller whose assertions of financial manipulation by Sino-Forest Corp. (TRE) preceded a 71 percent plunge in the forestry company’s shares last week, said he will release more research “pretty soon.”

“We didn’t really do our accounting tour de force,” said Block, the founder of Hong Kong-based Muddy Waters who’s said he doesn’t like to give his exact address because he’s received death threats. “Our resident accounting monster is chomping at the bit to get going.”

Muddy Waters Plans More Sino-Forest Research [Bloomberg]

Comments (42)

  1. 1
    Posted by Golden Boy | June 7, 2011 at 4:30 PM

    “Resident accounting monster”

    That’s what she said.

  2. 2
    Posted by Anonymous | June 7, 2011 at 4:34 PM

    Champing at the bit.  Champing.  [sigh]  

  3. 3
    Posted by Golden Boy | June 7, 2011 at 4:47 PM

    Someday, this smug Muddy Waters idiot is gonna go all in on a single Chinese trade (think options on margin) and BOOM.

  4. 4
    Posted by Jimmy Buffett | June 7, 2011 at 4:51 PM

    way better picture.

    http://pbosnia.kentlaw.edu/Photo-Galleries/IPRO-summer-gallery3/images/Carson%20Block.jpg

  5. 5
    Posted by HFguy | June 7, 2011 at 5:00 PM

    what the fuck are you on about.

  6. 6
    Posted by Lidstrom needs another cup! | June 7, 2011 at 5:27 PM

    I always wondered whether guys like him have a set amount they want to rake in before they call it a career. 

  7. 7
    Posted by Non-Entity Hedge Fund Manager | June 7, 2011 at 5:33 PM

    This is an exceptional business to be in. If Carson has made less than 5x his money in the last 12-18 months doing this, I’d be shocked. If he made the right trades and reinvested the proceeds, it’s not that hard to see how he could have made 50-100x his money. Too bad he’ll probably be arrested next time he steps foot on American soil.

  8. 8
    Posted by RandomGuy | June 7, 2011 at 5:50 PM

    Long puts don’t work like that. Stick to selling CDS in Wilton.

  9. 9
    Posted by QED | June 7, 2011 at 5:50 PM

    No. The one above is better.

  10. 10
    Posted by CautionaryTale | June 7, 2011 at 5:51 PM

    He’s had so many winning trades that he can finally hire an editor for his reports.

  11. 11
    Posted by RandomGuy | June 7, 2011 at 5:53 PM

    Who are you idiots and where do you come from? Is it your eyes that give you trouble understanding simple English or are you just chock full of stupid?

  12. 12
    Posted by Non-Entity Hedge Fund Manager | June 7, 2011 at 6:32 PM

    I’m the idiot that wants to make multiples of my money every 3 months or so by ‘assisting with market price discovery’ in instances of fraud amongst US-listed Chinese small caps….

    - Guy who disagrees with the popular maxim, “mo’ money, mo’ problems”

  13. 13
    Posted by Golden Boy | June 7, 2011 at 6:50 PM

    Yes, they do. You know, not everyone is restricted to an Interactive Brokers margin account.

    Go #@%@ on your £@#@%&’s +&%@.

  14. 14
    Posted by Guess | June 7, 2011 at 7:13 PM

    haha burn

  15. 15
    Posted by Lidstrom needs another cup! | June 7, 2011 at 7:23 PM

    Karrisdale Capital claims they’ve are 76% YTD by shorting CChinese fraud.

  16. 16
    Posted by savy investor | June 7, 2011 at 7:27 PM

    i bought on friday, saw shares trade up 50% on monday, and was feeling pretty clever.  not feeling so clever now….

  17. 17
    Posted by Nat Gas blowin' up | June 7, 2011 at 8:40 PM

    Brian Hunter sees no problem with this

  18. 18
    Posted by Larry David | June 8, 2011 at 12:19 AM

    Is it chomping or champing?

  19. 19
    Posted by Larry David | June 8, 2011 at 12:19 AM

    Is it chomping or champing?

  20. 20
    Posted by Christofurio | June 8, 2011 at 3:47 PM

    Champing at the bit. 

    http://www.nypost.com/p/sports/giants/item_wD3THmDCXwVlygKnQCv1zL 

    NYPost headline writers never get such things wrong.

  21. 21
    Posted by Christofurio | June 8, 2011 at 3:47 PM

    Champing at the bit. 

    http://www.nypost.com/p/sports/giants/item_wD3THmDCXwVlygKnQCv1zL 

    NYPost headline writers never get such things wrong.

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