All good except the last item re: Carvana and Hindenburg. Hindeburg is, in fact, as you note, a short-seller. In fact, also, their 'reports' always come with the caveat: they are opinions. And not always based in fact. In other words: they make sh*t up. All the time. Because as we know, the old adage "buy the rumor, sell the fact" is reversed for short-sellers.
'Initial Disclosure: After extensive research, we have taken a short position in shares of Carvana Co. (NYSE:CVNA). This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report.'
IN other words: we hope our 'report' causes you to dump your stock.
Listening to Hindenburg on a stock is like listening to "Roaring Kitty's" recommendations on meme stocks - someone's bound to to follow it. Doesn't mean it's a prudent move.
I’d be less likely to believe Hindenburg’s report if I hadn’t recalled what a mess Carvana was a couple years ago. Also, auto lending had been rife with folly in past cycles. But we’ll see. I may be writing a “Terin was right” piece.
Al, thanks much for elucidating me as well as others. Was aware of some of this but not all!
You made me laugh my rear end off reading this today
Laughter is the highest compliment, Yolanda. Thanks so much.
All good except the last item re: Carvana and Hindenburg. Hindeburg is, in fact, as you note, a short-seller. In fact, also, their 'reports' always come with the caveat: they are opinions. And not always based in fact. In other words: they make sh*t up. All the time. Because as we know, the old adage "buy the rumor, sell the fact" is reversed for short-sellers.
'Initial Disclosure: After extensive research, we have taken a short position in shares of Carvana Co. (NYSE:CVNA). This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report.'
IN other words: we hope our 'report' causes you to dump your stock.
Listening to Hindenburg on a stock is like listening to "Roaring Kitty's" recommendations on meme stocks - someone's bound to to follow it. Doesn't mean it's a prudent move.
I’d be less likely to believe Hindenburg’s report if I hadn’t recalled what a mess Carvana was a couple years ago. Also, auto lending had been rife with folly in past cycles. But we’ll see. I may be writing a “Terin was right” piece.