If anybody is wondering what Herb Greenberg is saying in TSC:
thestreet.com
Credibility questioned: Anonymous emailer wonders why I continue to quote short-seller Marc Cohodes and why anybody should listen to him. "You have used him for years in your column, but not once have I seen what his returns have been. This is always your biggest flaw as a reporter. Tell me and your readers why these people you continually quote are credible. Don't just quote them."
To which I say: I really don't care about the performance of a source's fund; I only care about their track record as a source. And Cohodes' track record for flagging me on losers is exceptional. With the exception of Microchip Technology (MCHP:Nasdaq), which has zoomed despite his prophecy of doom, the rest (at one time or another during the past 10 years) turned into unadulterated disasters, as he predicted. They include The Learning Company, Media Vision, Creative Technology (CREAF:Nasdaq), Avid Technology (AVID:Nasdaq), Stewart Enterprises (STEI:Nasdaq), Engineering Animation (EAII:Nasdaq), Pinnacle Systems (PCLE:Nasdaq), California Micro Devices, HMT Technology (HMTT:Nasdaq), Macromedia (MACR:Nasdaq), Fresh Choice (SALD:Nasdaq), Wall Technologies, C-Cube Microsystems (CUBE:Nasdaq) and Tseng Labs. And those are just the ones I can remember without doing an electronic database search! |
