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This OLAM versus Muddy Waters
By Investment Moats  •  December 3, 2012

This OLAM versus Muddy Waters 121127031346 carson block muddy waters story top

The latest soap opera on the Singapore stock investing scene have been this guy Carson Block from Muddy Waters saying OLAM balance sheet is weak and it’s a good short target.

OLAM CEO came out with a comprehensive defense saying that they are at least $10 billion dollar liquid, because a lot of their commodities asset can be liquidate instantly.

Muddy Waters issued a 133 page (!!!!!) report on OLAM.

OLAM decide to sue Muddy Waters, saying they are working with hedge funds to short OLAM.

Both have agendas

At this point, I do not know what to make of this. I am really bad with commodities so shall not comment much. I have not look at their balance sheet but if you trust most people say, and what you know about commodities companies, they have their fair share of debts.

All we can deduce is that both of ...

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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