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EIG up 5% since mar 30 -Gotham City research- here is the contrarian argument re Endurance
Seriously2015
Member
From Financial Times
1. It is a short selling group reportedly linked to Daniel Yu. - look him up (a short seller with interesting track record).
2. It’s the Muddy Waters model – go short then go public.
The telegraph
Gotham made the suggestions in a 61-page report entitled “A Web of Deceit”, published online. It prefaced the research with a warning that readers should assume it stood to profit from declines in Endurance’s shares.
So it looks like they have a history of short selling followed by public reports and the EIG bashers conveniently skipped over the warning.
Bottom line, Gotham makes money when EIG fails - hence the need to paint it as darkly as possible.
And the stock has rebounded only down 10% at the close. FYI stock was 18.83 march 30 and 19.70 today.
So up almost $1 in 30 days even with this news.
Of course this will be over the heads of those that are EIG haters.
And for certain haters- gotham DNS is at Go Daddy and they are on a wordpress template.
Easy to overlook all of the above when they parrot a line that you like to hear.
Comments
Hmm.. I wonder if there's a need to post a new thread.
http://www.lowendtalk.com/discussion/51252/endurance-bluehost-justhost-hostgator-hostmonster-called-out-as-fraud-stock-price-crashes-28
I think @Seriously2015 is posted a new topic so that people can see the truth instead of it getting buried in another thread.