October 4, 2008
Why AgFeed Industries Inc. (FEED) Is One Of the Worst Companies Around & How I Knew
You might remember over the past 7 months, I've written some pretty negative articles about FEED, "Those Hypesters Are At It Again", "Pirates Pretending To Be Pig Farmers" and "The SmallCap Pump & Dump Capital Raising Game".
Well, judging from the chart below, it looks like there's a bit of justice in the world:
Yes, their lies have caught up with them, even as they continually "raise earnings estimates".
See their top holders, most of whom who did their investing in the high teens, and laugh in their naive faces:
DEUTSCHE BANK AKTIENGESELLSCHAFT 1,402,767 4.21 $20,999,421
INSIGHT CAPITAL RESEARCH & MANAGEMENT INC. 1,201,472 3.61 $17,986,035
Tiger Global Management, LLC 810,000 2.43 $12,125,700
Barclays Global Investors UK Holdings Ltd 461,818 1.39 $6,913,415
Anybody who's dumb enough to invest big money in a pump and dump scheme hasn't read my book An American Hedge Fund or watched my PennyStocking DVDs.
This isn't complicated–these companies uniformly suck. You are a total idiot if you believe anything say. And i'm an idiot for not staying short longer…
Source: Timothy Sykes
Filed under Capital Raising, Criminals, Manipulation by

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