Money and Finance
Jim Chanos Saw Autonomy's Problems...
While alleged fraud at Autonomy may have been a surprise to Hewlett-Packard, its auditors, its bankers and its executives, it wasn’t to short-seller Jim Chanos.
Chanos told me this morning that in early 2011, months before the HP-Autonomy deal, Autonomy was his biggest European short. Chanos' firm even wrote a report on it in July of that year.
Too bad HP didn’t read it.
Among the red flags the report pointed out – the following lifted directly from the report:
Meg Whitman was also on CNBC discussing the HP-Autonomy deal. Video: HP's Whitman on Autonomy Allegations
Chanos was also on CNBC in July discussing how he thought HPQ was a value trap, HERE.
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Links
This looks like a great event if you're in NYC on November 11th: Berkshire Hathaway 50th Anniversary Symposium [H/T @CunninghamProf] (LINK) Creating an ideal environment for optimal investment decision making (LINK) THE NOT TO DO LIST (LINK)...
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Jim Chanos On Cnbc
Link to videos: Chanos: China 'great place to be short' Chanos' Best Idea: Why I'm Short Caterpillar Jim Chano's best short idea: CAT & HPQ (fuller version of his talk, starting at 9:45)
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Jim Chanos On Cnbc
Link to videos: Why Chanos Is Short China Chanos Covers Shorts on Health Care Chanos: Banking on Financials Is HFT Just a Better 'Mouse Trap' or Unfair? Chanos Still Waiting to Go Long Europe
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Short-seller Chanos: Moody's, S&p Wrong On China
(Reuters) - Hedge fund manager James Chanos, who has been a long-time skeptic on the Chinese growth story, is sticking with his gloomy view of ratings agencies Moody's Corp (MCO.N) and Standard and Poor's, saying their rosy outlook on China's...
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James Chanos To Present At The 7th Annual New York Value Investing Congress
James S. Chanos, President and Founder of Kynikos Associates - the largest investment firm devoted exclusively to short selling - has agreed to speak at the 7th Annual New York Value Investing Congress. Throughout his career, he has anticipated many corporate...
Money and Finance