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Tyler Crowe

πŸ‘€ Speaker
3201 total appearances

Appearances Over Time

Podcast Appearances

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

Yeah, and to that point, too, like to Lou, like you were saying, you know, not necessarily the biggest fans of Andrew Leff, but Citron Research were some of the first ones to point out with all the accounting shenanigans that were going on at Valiant Pharmaceuticals.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

I think it was back in 2015.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

I think within days of that Citron Research report, Valiant was making drastic changes to its business, you know, talking about...

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

disassociating itself from some of the pharmacies that it was working with because there was accusations that they were using those pharmacies for overcharging.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

It was a pretty clear-cut fraud case that Citron brought to everyone's attention here.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

It was good and important work.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

And to your point, Matt, Nicola was a great one.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

And while this technically wasn't a short report, John Carey's work on Theranos was in that same spirit.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

I mean, I think...

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

Had Theranos gone public without some of that work, I'm sure they would have made it even worse.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

We, the market, we sometimes need people on the lookout for the bad stuff, for the valiance, for the Nicholas and stuff like that.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

Otherwise, they can perpetuate and get even worse.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

With all of that said, and this is where it starts to get conflicting, there is something that's definitely icky about the business model for many short sellers.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

And the verdict during this Citron Research court decision is where some of that icky business practices started to come to light.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

And I think that's why we're kind of like, I don't really know if I want to stand up for Andrew Left here, right?

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

You know, I'm going to do a shameless plug here for The Motley Fool because, hey, you know what?

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

It's our podcast.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

I get to do that sometimes.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

Like, you know, we get some stocks right.

Motley Fool Hidden Gems Investing
Turnaround Stories and Shorting Stocks

We get some stocks wrong.