Meet the New York investor who’s making all the right calls in shorting Canadian stocks
Victor Ferreira, 19 November 2018
Ben Axler is used to being alone on his stock calls. In August, the New-York-based short seller released a report criticizing Canadian space tech juggernaut Maxar Technologies Ltd., raising questions about some of its accounting practices and warning that the company’s shares could lose more than half their value.
While Axler and his firm, Spruce Point Capital Management, were advising investors to sell, the Street was all but unanimous that he was wrong: Nine of 11 analysts held buy or outperform ratings, according to Bloomberg.
