Comment by hiyer

Comment by hiyer 3 days ago

6 replies

I wouldn't say they were ahead at least in terms of reputation. They targeted India's Adani group and failed. The Supermicro "revelation" was also a damp squib. I suppose they made plenty of money with their short-selling though, so in that sense they are, perhaps, ahead enough.

fakedang 2 days ago

Only failed Adani because they misunderstood how deep the Indian government would go to join in the cover-up, instead of actually investigating it.

The Big 4 auditor for Supermicro literally quit, citing concerns. It's the SEC's job to do the investigating (and it's failed badly and likely to fail more with the coming admin).

  • mkagenius 2 days ago

    I wouldn't be surprised if Adani just asked "How much money will you make in your life time?" And just offered the same to close the firm.

    • fakedang 2 days ago

      He might have offered, but doubt these guys would have taken it up.

      There's something different about these short sellers and the typical ones we've had in the past (Soros, Chanos, Ackman, etc.).

      • mkagenius a day ago

        Yes, doubtful with the US investigation going on on Adani.

omcnoe 3 days ago

Supermicro stock is down 40% from the publishing of the report, hardly a damp squib.