Valeant Pharmaceuticals To Hold Conference Call On Tuesday, June 17, 2014 To Correct Recent Misrepresentations
LAVAL, Quebec, June 13, 2014 /PRNewswire/ — Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) today announced that it will conduct a fact-based presentation to refute recent misleading assertions made by Allergan, Inc. (NYSE: AGN) and others, as well as answer additional investor questions, on June 17, 2014.
Cage rattled, facts to follow. Read more
John Hempton is fed up with with our focus on internal consumption as one of the key legal aspects to the debate about Herbalife’s business model.
The Bronte Capital hedge fund manager returns to the argument that both good and bad consumption of Herbalife’s diet shakes by its own army of distributors is possible.
I have spoken to several Herbalife customers and they are mostly signed up as distributors and they do not intend to sell product.
We like a lot of what Bronte Capital’s John Hempton writes, but we think he has got two things quite wrong: New York laundry and Herbalife.
The reasons for both are similar: overlooking deep seated structural factors in favour of personal impressions and a partial analysis. Read more
… but regally proportioned, unemployed gents with untreated gonorrhoea and mother issues generally find it tough going.
Not so with Aim-traded online dating specialist Cupid according to Bronte Capital’s John Hempton who threw up a rather extreme fake profile — Fat, lazy, poor sick guy wants support – to see if he got many bites. Read more
John Hempton of Bronte Capital was gobsmacked this week when Richemont, the Swiss-based luxury goods group, warned that profits in the first half were likely to be rather better than the market was expecting.
Hempton was short the stock on the sensible view that in the wake of the Bo scandal in China, Chinese kleptocrats were less likely to be adorning their wrists with things like Vacheron Constantin watches. Read more
Terrific stuff from Bronte Capital’s John Hempton on Friday…
The slowdown in Hong Kong (super) luxury goods is a faster decline than other Chinese data. Why so fast? Read more
FT Alphaville caught up on its Sino-Forest reading over the weekend and enjoyed the latest post by John Hempton of Bronte Capital. It looks at Paulson & Co.’s loss from the perspective of a fellow portfolio manager, offering sympathy and rivalry in equal measure. Hempton recognises that small teams of investors will use “shortcuts” based on received wisdom such as timber being a safe asset.
However, that does not excuse Paulson & Co for not doing their research thoroughly, writes Hempton: Read more
Nigerian spammers are now trying to profit from its woes, according to Bronte Capital’s John Hempton, who (ahem, ahem, cough, cough) found the following in his inbox on Wednesday:
From: Dudley Caruthers Esq (Barrister at Law)
Subject: BP Related Agreement Entitlement
E-mail: Read more
Bronte Capital’s John Hempton has gone on a Freddie Mac, Fannie Mae modelling extravaganza. And his conclusions are somewhat refreshing. Namely, he’s certain Freddie and Fannie are not the endless black hole of losses their topline numbers suggest them to be — or in the case of Freddie, the one-off accounting and mark-to-market benefits that recent profits were mostly put down to.
The reality is that the collapse in the market has turned the GSEs into a veritable monopoly in the market, bringing all the obvious advantages that come with that status. As Hempton explains: Read more
Hedge fund manager, and experienced Ponzi hunter, John Hempton has launched a withering attack on the “flim flams, stock promoters and other market slime-bags” who want naked short selling banned.
He reckons this crackdown on a phoney problem is costing US taxpayers at least $1bn. Read more