DEER is one of ‘those Chinese’ companies that many investors fear. You know that flat out fraudulent, illegitimate and highly profitable companies that Barrons warned against. If you believe Alfred Little, you would believe that DEER has no revenue growth and keeps a set of fake accounts receivables.
He said after an ‘extensive’ 10 City, 60 store ‘channel check’ that DEER sales are weak and that “Managers and store clerks have generally never heard of the DEER brand.” 60 story ‘channel check’, really? That’s not statistically valid.
Interesting that his article had to be edited and whole sections had to be deleted due to disputes. Its hard to believe someone when opinions are cited as fact and Anti-DEER articles are being disputed and removed.
Is this the truth, or is this just more hyperbole from short sellers like Alfred Little. But there is Also Andrew Left who runs CitronResearch.com. He has been slamming DEER on Reuters and his website. He cites that he didn’t see any of DEER products on Tmall, a Chinese retail website. Andrew Left has a history of fraud claims made by the National Futures Association. “The panel found that Andrew Left made misleading statements to cheat, defarud or deceive…”
Oscar Romero makes a good case that DEER has been the victim of Naked Short Selling and that the stock will rebound to $11/share. Read his article here.
Deer is Fighting Back
From a DEER press release
“announced today that threats from a group of U.S. and China based short sellers led by a fictitious group known as ” Alfred Little “, have been carried out due to Deer’s refusal to withdraw a pending United States lawsuit pending in the Supreme Court of the State of New York .”
AF – Alfred Little = Andrew Left, I think it’s a joke, sir… like, uh, ‘Sillius Soddus’ or… ‘Biggus Dickus’, sir.
No, more like Naughtius Maximus.
More of my opinions on DEER