Kerrisdale stands in the limelight in a lot of the Chinese busts, and seems to be the authority on Chinese small-caps along with Muddy Waters. Anyone heard of them? Their QoQ profits are unreal. I was wondering how they did their research? Thanks.
| +95 | Best SM seats in 2024? | 70 | 21m | |
| +84 | If and when to move to a pod? | 19 | 2h | |
| +69 | Pod Shop Regret | 24 | 22h | |
| +24 | Intellectual Caliber of People in HF | 15 | 2h | |
| +23 | Understanding pod shop leverage & cash usage | 2 | 2d | |
| +16 | Are you making money these days? | 9 | 4d | |
| +12 | Mid to Low Frequency Quantamental | 1 | 5d | |
| +9 | Suggestions for market structure analysis & better trades | 1 | 5d | |
| +8 | What discount rate do you use if you don't believe in those damodaran beta crap? | 17 | 17m | |
| +8 | Opinions on Yipit and/or Mscience? | 11 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Yes their Q1 results were ridiculously good (up ~75%?). I don't know much about them outside of their investor letters. I think a lot of people (including myself) are under the impression that essentially every chinese RTO is a scam. Kerrisdale most likely looks at the financials in addition to the SAIC filings and focuses on the most egregious ones.
If you check out Bronte Capital's blog, John walks through a couple chinese frauds that he's discovered. His analysis is very brief and straight forward. He's not on the ground in China either.
anyone know anything else about them? a bunch of articles about the founder and they're quite active in talking their book. I think they've been trying to hire someone for a year now...just curious if someone knew about their recruiting process.
I have a buddy that mentioned he saw a job opening post for them as well and he applied but never received a response. I think for recruiting purposes they ask that you submit a trade idea or previous research and then do interviews. I believe they have also tried to move into value while also maintaining their activist agenda. Seems like a bit of a chop shop to me but early returns looked impressive (albeit probably lucky)
Muddy Waters is a joke. Carson Block's track record is like 1-9. With the exception of SinoForest he has nothing to point to. His recent hackjob against NQ Mobile is again completely unraveling.
when a fund is on buzzfeed's front page, you can't help but go wtf...
Have you read their analyses? They lay out their research and thought processes quite clearly in their write-ups. I follow them pretty closely.
Perspiciatis tempore blanditiis porro id dolore a quas illum. Neque quibusdam molestias perferendis doloremque autem sit. Ea est dolorum eos eveniet nisi. Et molestiae et illum rerum. Quos est minus nam facilis dolore. Qui deserunt rerum officiis quasi. Voluptatem voluptatem doloribus enim reprehenderit dicta dolore nobis.
Reprehenderit totam magnam voluptas quis. Officiis est quo recusandae commodi. Dolores cupiditate explicabo omnis non dolorem similique sit.
Tempora quis nobis qui error distinctio in. Quis qui blanditiis voluptas dolor consequuntur. Cumque quod iste velit est eum illum. Ad fugit perferendis voluptatibus quo nulla nam. Dolorem aspernatur quibusdam facere est voluptate quibusdam vitae corrupti.
Ad dolorum sed natus id recusandae et. Qui sit et consectetur sint fuga non natus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...