ShadowFall is short Kerry Group ($KYG).
We found @theOntake note compelling, with it echoing several concerns we raised a while back. We view Kerry’s financial statements to be opaque and sometimes unreliable. Having read the latest findings, we’re more convinced of this. 1/6
We found @theOntake note compelling, with it echoing several concerns we raised a while back. We view Kerry’s financial statements to be opaque and sometimes unreliable. Having read the latest findings, we’re more convinced of this. 1/6
To those that say this is old news, the truth is still the truth regardless of time. What we find interesting is that a fresh set of eyes has similar observations to us, with more recent information strengthening our view. 2/6
When we raised the flag on @Wirecard in 2015 then 2016, this was also largely dismissed as “nothing new”. The same occurred with subsequent reporting by @FFJ_report and @FD. Yet @Wirecard was just as much a fraud in 2015-19 as it was when it collapsed in 2020. 3/6
This type of lazy and vacuous argument made by some sell side analysts is absurd. Why not instead challenge companies to come up with a response to legitimate questions instead of acting as the PR to the company? 4/6
Incidentally, @FD has also highlighted the oddities of Kerry in the past and presented straight forward questions to the group, for which the response in our view made little sense. ft.com/content/7523ee… 5/6
Isn’t it funny how the same companies appear to draw criticism but fail to adequately address the concerns.
For professional investors interested in our original report, please feel free to get in touch. 6/6
For professional investors interested in our original report, please feel free to get in touch. 6/6
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