Description: As Home Capital Group Inc. was having its worst week ever, at least one person in the investment world was smiling. Marc Cohodes, a short seller who has been described as a “scourge of Wall Street” has for more than three years bet on the implosion of the Toronto-based alternative mortgage lender.
Source: FinancialPost.com – video report
Date: April 28, 2017
Questions for discussion:
- Explain the reasons for the collapse in stock value.
- Who do you believe is at fault?
- What was the critical indication to Marc Cohodes to short the stock?
- Do you think this stock can recover?