A Short-Seller Goes Too Far to Beat the ‘Bullies’
Joe Nocera
Bloomberg, 19 August 2019
The first line in Marc Cohodes’s Twitter ID reads: “No Greater Motivator Than Disrespect.”
It’s a sentiment you often hear from athletes, but rarely from an investment professional like Cohodes. And with good reason. Although being “disrespected” can be a powerful spur, it also creates blind spots that can lead one astray. You won’t find a better example of this than Cohodes’s efforts over the last year to destroy — yes, destroy — MiMedx Group Inc., a biomedical company that makes products that heal wounds and treat serious inflammation.
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