The same Wolf-of-Wall-Street-type did an attack on First Majestic Silver (AG on NYSE). On Aug. 9 of last year it was worth $18.42 when it began falling sharply. Then on Sep 30 it was worth $10.30 when Kerrisdale slammed it at Seeking Alpha, claiming "First Majestic trades at a uniquely ludicrous multiple of the value of the precious metals it owns, with 70-80% downside", and that ..."internal models..." - how did he get those? - "...confirm that the company is massively overvalued."
Well, the price dropped only about 20 percent from there (with other silver miners), and today is back above 10 bucks. So, he was right as of early August to the low, but his attack did not appear until October 1 after much of the downside had alrady been breached. Now the company has recovered very nearly to it's October 1 price (again along with other silver miners).
And, here's what Motley Fool had to say about them a few days ago.
https://www.fool.com/investing/2017/02/09/heres-how-first-majestic-silver-corp-regained-its.aspx
Seems as if Kerrisdale has blown a circuit. Thanks for the info.
VP