4 ms·

Here is the Hindenburg research article. https://hindenburgresearch.com/adani/ https://hindenburgresearch.com/adani/

by jp0d 4y ago

metalspot 4y ago
> Even if you ignore the findings of our investigation and take the financials of Adani Group at face value, its 7 key listed companies have 85% downside purely on a fundamental basis owing to sky-high valuations that is their leading allegation. the company is overvalued because they say so. (and stocks always trade on fundamentals) going down the long list of "allegations" every single one is normal business practice for any wealthy individual or large corporation. they own a lot of corporate entities in different jurisdictions and have been accused (but never found guilty of) money laundering and tax evasion. not exactly earth shattering stuff. i don't know anything about this company, but this report has no substance, and coming from what is essentially a no-name blogger with no significant position to trade on, it is not unreasonable to wonder why reuters, nyt, and bloomberg would be trying to give this credibility. bloomberg has still never withdrawn their totally fabricated story about supermicro https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies https://www.bloomberg.com/news/features/2018-10-04/the-big-h... https://www.bloomberg.com/features/2021-supermicro/ https://www.bloomberg.com/features/2021-supermicro/ https://www.servethehome.com/investigating-implausible-bloomberg-supermicro-stories/ https://www.servethehome.com/investigating-implausible-bloom... that story tanked supermicro's stock by 40% at the time, but they are up 500% since then, so obviously that was not a winner.
- Wojtkie 4y ago
  Well, this report had enough substance to cause Adani Group to lose $28B in a month...
- jp0d 4y ago
  They aren't a no-name blogger. They investigated Nikola and uncovered a lot of fraudulent practices. Have a read if you're not familiar with their work. https://hindenburgresearch.com/nikola/ https://hindenburgresearch.com/nikola/

Here is the Hindenburg research article. https://hindenburgresearch.com/adani/ https://hindenburgresearch.com/adani/

by jp0d 4y ago

Here is the Hindenburg research article. https://hindenburgresearch.com/adani/ https://hindenburgresearch.com/adani/

> Even if you ignore the findings of our investigation and take the financials of Adani Group at face value, its 7 key listed companies have 85% downside purely on a fundamental basis owing to sky-high valuations that is their leading allegation. the company is overvalued because they say so. (and stocks always trade on fundamentals) going down the long list of "allegations" every single one is normal business practice for any wealthy individual or large corporation. they own a lot of corporate entities in different jurisdictions and have been accused (but never found guilty of) money laundering and tax evasion. not exactly earth shattering stuff. i don't know anything about this company, but this report has no substance, and coming from what is essentially a no-name blogger with no significant position to trade on, it is not unreasonable to wonder why reuters, nyt, and bloomberg would be trying to give this credibility. bloomberg has still never withdrawn their totally fabricated story about supermicro https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies https://www.bloomberg.com/news/features/2018-10-04/the-big-h... https://www.bloomberg.com/features/2021-supermicro/ https://www.bloomberg.com/features/2021-supermicro/ https://www.servethehome.com/investigating-implausible-bloomberg-supermicro-stories/ https://www.servethehome.com/investigating-implausible-bloom... that story tanked supermicro's stock by 40% at the time, but they are up 500% since then, so obviously that was not a winner.

Wojtkie 4y ago
Well, this report had enough substance to cause Adani Group to lose $28B in a month...
jp0d 4y ago
They aren't a no-name blogger. They investigated Nikola and uncovered a lot of fraudulent practices. Have a read if you're not familiar with their work. https://hindenburgresearch.com/nikola/ https://hindenburgresearch.com/nikola/