06:49:31 EDT Sun 11 May 2025
Enter Symbol
or Name
USA
CA



Sino-Forest Corp
Symbol TRE
Shares Issued 246,095,926
Close 2011-08-25 C$ 4.81
Market Cap C$ 1,183,721,404
Recent Sedar Documents

Globe says Sino-Forest short-seller has last laugh

2011-12-28 08:05 ET - In the News

The Globe and Mail reports in its Saturday edition that if they did not know the name Carson Block, anyone who owned shares of Sino-Forest certainly does now. The Globe's Andy Hoffman says the short-seller and founder of Muddy Waters Research LLC ignited a fire on June 2 that has pushed the forestry company to the brink of insolvency. "After undertaking such a big project what I immediately felt was physical and mental exhaustion," he told The Globe. "Even though the stock was reacting positively ... I wasn't really paying attention to it because I just needed to get some sleep. The next day, there was a mixture of emotion. ... You expect you're going to have a really heavy-duty battle. At that point I figured it would be by far the most intense battle that I've had. ... It was gratifying to see the market reacting positively to the story we put out and we were perceived as being credible in making these conclusions about Sino-Forest that were probably shocking to some investors. When I read that Dundee Securities analyst Richard Kelertas ... called our report a 'pile of crap,' I actually laughed pretty hard. ... I felt like investment research might be degrading into [wrestling] style commentary."

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