Tuesday, June 30, 2020 4:55:35 PM
"He further accused Citron of distorting data. For instance, he questioned why it neglected to mention revenue and earnings growth when comparing financial performance between the two companies.
“Citron often makes sweeping generalizations and comparisons to justify its recommendation,” he continued, adding that the firm uses “undisciplined and wild copy-pasting of numbers.
He also suggested that Citron had taken advantage of an “information asymmetry” where its readers would be unfamiliar with the Chinese language and market.
“Since Citron has already made big bets on these recommendations before their reports are published, Citron doesn’t have to be qualified; Citron’s recommendation doesn’t have to be right; Citron just needs to mislead their readers to follow their recommendations!”
https://thenextweb.com/asia/2012/08/28/chinese-angel-investor-kai-fu-lee-calls-perennial-short-seller-citron-sohu-report/
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