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The slide uses financial disclosure data to argue that a transaction was structured to obscure debt-to-equity conversion.CPI Property Group (CPIPG) · Carson C. Block
Research note Short seller Beat · ProblemLoop · Cost Of Inaction1 hit
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The slide combines a formal financial disclosure table with a critical investigative commentary regarding potential conflicts of interest and omitted disclosures.CPI Property Group (CPIPG) · Carson C. Block
Research note Short seller Beat · AgitateLoop · Cost Of Inaction1 hit
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The slide combines personal bios with financial disclosure data, likely to highlight potential conflicts of interest or related-party financing.CPI Property Group (CPIPG) · Carson C. Block
Research note Short seller Beat · AgitateLoop · Cost Of Inaction1 hit
25
The slide uses red annotations to highlight specific text in the legal documents.CPI Property Group (CPIPGR) · Muddy Waters Research
Activist deck Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
26
This is a classic Muddy Waters 'villain' slide, using luxury imagery to imply corporate malfeasance or excessive executive compensation.CPI Property Group (CPIPGR) · Muddy Waters Research
Activist deck Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
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This slide is part of an activist short report, using the description of a luxury property to contrast with corporate performance or governance.CPI Property Group (CPIPGR) · Muddy Waters Research
Activist deck Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
28
The image is of Lewis Hamilton, used here as a visual metaphor for distress or a 'cold streak'.CPI Property Group (CPIPGR) · Muddy Waters Research
Activist deck Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
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The slide uses a narrative structure to link a rapid asset flip to potential financial impropriety.CPI Property Group (CPIPGR) · Muddy Waters Research
Activist deck Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
30
The red box highlights two specific entities with large negative value adjustments (impairments) totaling €13.6 million.CPI Property Group (CPIPGR) · Muddy Waters Research
Activist deck Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
13
The slide uses a screenshot of a UK Companies House filing to provide primary source evidence for the contradiction.CPI Property Group (CPIPGR) · Muddy Waters Research
Research note Short seller Beat · The StruggleLoop · Cost Of Inaction1 hit
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The slide uses a rhetorical question to frame a potential contradiction in the company's business model or asset quality.CPI Property Group (CPIPGR) · Muddy Waters Research
Research note Short seller Beat · The StruggleLoop · Cost Of Inaction1 hit
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Uses a screenshot of a news article as evidence to support the claim of money laundering.CPI Property Group (CPIPGR) · Muddy Waters Research
Research note Short seller Beat · The StruggleLoop · Cost Of Inaction1 hit
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The slide uses a disclosure excerpt to support the narrative of a related-party transaction involving Radovan Vitek.CPI Property Group (CPIPGR) · Muddy Waters Research
Research note Short seller Beat · The StruggleLoop · Cost Of Inaction1 hit
17
The slide uses imagery to associate the subject with political figures, likely to cast doubt on the legitimacy of the 'personal wealth' claim.CPI Property Group (CPIPGR) · Muddy Waters Research
Research note Short seller Beat · The StruggleLoop · Cost Of Inaction1 hit
18
Uses excerpts from legal documents to substantiate claims of unauthorized fund usage.CPI Property Group (CPIPGR) · Muddy Waters Research
Research note Short seller Beat · The StruggleLoop · Cost Of Inaction1 hit
02
This is an activist investor letter (Muddy Waters) demanding transparency on specific historical transactions.CPI Property Group (CPIPGR) · Carson Block
Shareholder letter Short seller Beat · ComplicationLoop · Cost Of Inaction1 hit
03
This slide functions as a list of investigative questions directed at management, likely from a short-seller report.CPI Property Group (CPIPGR) · Carson Block
Shareholder letter Short seller Beat · EvidenceLoop · Cost Of Inaction1 hit
31
This is a high-impact thesis slide typical of short-seller research reports.e.l.f. Beauty, Inc. (ELF) · Muddy Waters Research
Research note Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
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The slide outlines a two-step calculation: assuming inventory overstatement acts as a plug for gross profit, then dividing by the reported 71% gross margin.e.l.f. Beauty, Inc. (ELF) · Muddy Waters Research
Research note Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
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The quote is a classic Charlie Munger aphorism often used in financial analysis to explain management behavior.e.l.f. Beauty, Inc. (ELF) · Muddy Waters Research
Research note Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
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The slide uses a formulaic representation to show how executive compensation is tied to specific performance targets.e.l.f. Beauty, Inc. (ELF) · Muddy Waters Research
Research note Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
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The slide uses specific time periods to contrast insider selling behavior before and after a suspected accounting event.e.l.f. Beauty, Inc. (ELF) · Muddy Waters Research
Research note Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
02
The slide uses a comparative analysis of interest rates to cast doubt on the veracity of Eurofins' financial reporting, drawing a parallel to the Muddy Waters research on NMC Health.Eurofins Scientific SE (ERF) · Muddy Waters Research
Research note Short seller Beat · ProblemLoop · Cost Of Inaction1 hit
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This is a text-heavy research note slide focusing on governance concerns and demands for disclosure.Eurofins Scientific SE (ERF) · Muddy Waters Research
Research note Short seller Beat · AgitateLoop · Cost Of Inaction1 hit
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This appears to be a continuation of a list (starting at item 4).Eurofins Scientific SE (ERF) · Muddy Waters Research
Research note Short seller Beat · SolutionLoop · Cost Of Inaction1 hit
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The slide serves as a legal disclaimer/warning regarding the severity of sanctions violations.FTAI Aviation, Ltd. (FTAI) · Muddy Waters Research
Research note Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
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This is a concluding slide from a Muddy Waters research note, emphasizing legal and reputational risk.FTAI Aviation, Ltd. (FTAI) · Muddy Waters Research
Research note Short seller Beat · The VictoryLoop · Cost Of Inaction1 hit
36
The slide uses a list-based format to present a series of bearish arguments regarding BXMT's financial health.Blackstone Mortgage Trust, Inc. (BXMT) · Muddy Waters Research
Activist deck Short seller Loop · Cost Of Inaction1 hit
37
The slide highlights the negative impact on dividends per share due to interest rate increases and NOI shortfalls.Blackstone Mortgage Trust, Inc. (BXMT) · Muddy Waters Research
Activist deck Short seller Loop · Cost Of Inaction1 hit
38
The slide highlights a significant reduction in dividend per share under bear case interest rate assumptions.Blackstone Mortgage Trust, Inc. (BXMT) · Muddy Waters Research
Activist deck Short seller Loop · Cost Of Inaction1 hit