Meet the man who’s betting Home Capital will fail: Wells
Jennifer Wells, 12 May 2017
“I’ve had Cott up there. I’ve had Clearly Canadian. Made a killing. I go back with Kevin O’Leary — Learning Co. and Softkey before that. I had a double dip with Garth and Cineplex Odeon and Livent. Melnyk with Biovail. Canada is great. Canada has been wonderful.”
This is Marc Cohodes running through his set list of Canadian stocks he has shorted — that is, bet against — at various stages of his career, stages that have taken him through fame, great fortune, an alleged short-selling conspiracy, liquidation of his hedge fund, a period of what reads like self-imposed exile raising chickens in California and now a very public one-man attack on Home Capital Group Inc., and by extension Home Capital’s subsidiary, Home Trust.
