Markets

Top hedge fund manager thinks Xero could be a $100 billion business

Bronte Capital’s John Hempton, one of the country’s most vocal and aggressive short sellers, owns just one ASX-listed company in his fund: Xero. And he says the accounting software group, which has a $5.4 billion market capitalisation, has a shot at being a $100 billion company. “If any Australian company […]
Top hedge fund manager thinks Xero could be a $100 billion business
Markets

JOHN HEMPTON: Ackman Screwed Up On Herbalife Because He Has A ‘Misplaced Silver Spoon’ And Can’t Talk To Poor People

[credit provider=”Getty Images Entertainment/ Stephen Lovekin/Staff”] Blogger/hedge funder John Hempton, who runs Bronte Capital, has just published a long piece about visiting an Herbalife “Nutrition Club” in Queens, New York. Hempton, who has called Herbalife “scumbags,” disagrees with Bill Ackman’s Herbalife short case and is betting against the Pershing Square Capital […]
JOHN HEMPTON: Ackman Screwed Up On Herbalife Because He Has A ‘Misplaced Silver Spoon’ And Can’t Talk To Poor People
Markets

Bronte Capital Just Closed A Luxury Short At A Loss

I am wrong often enough to hurt—but rarely this fast. Richemont just pre-announced a big sales increase. I expected at best low single-digit sales increases and the company to guide down. I blogged about it only on Friday. Richemont was a modest sized short position and I was trading it for what I […]
Bronte Capital Just Closed A Luxury Short At A Loss
Markets

Did Bain Just Buy Another Chinese Fraud?

Bain just agreed to buy China Fire and Security – a Chinese reverse merger stock. There are rumours the company is another Chinese RTO fraud – and its accounts are very strange.
Did Bain Just Buy Another Chinese Fraud?
Markets

Why Shoe Mogul Steve Madden Is A Short Seller’s Nightmare

[credit provider=”AP Photo/Dima Gavrysh”] Steve Madden – the designer of the ridiculous high-heeled shoes beloved by teenage tarts – gives me nightmares.And every time I go to my office in Bondi Junction (Sydney, Australia) I pass – at the entry foyer – a far-flung outpost of Steve Madden Shoes – […]
Why Shoe Mogul Steve Madden Is A Short Seller’s Nightmare