referring to bloomberg
Carson Block Takes on St. Jude Medical Claiming Hack Risk
Carson Block Takes on St. Jude Medical Claiming Hack Risk
Carson Block, the renowned short-seller and founder of research firm Muddy Waters LLC, has taken a short position in St. Jude Medical Inc., denouncing the security of its cardiac devices in an effort that could derail the company's purchase by Abbott Laboratories.In a report to investors Thursday, Block warned that tens of thousands of Americans are living with ticking time bombs: St. Jude pacemakers and defibrillators that are easily compromised, causing potentially fatal disruptions.Muddy Waters's Carson Block talks about placing a bet against the financial strength of St. Jude Medical.
by the same token on muddywatersresearch
MW is Short St. Jude Medical (STJ:US)
MW is Short St. Jude Medical (STJ:US)
Muddy Waters Capital is short St. Jude Medical, Inc. (STJ US).There is a strong possibility that close to half of STJ's revenue is about to disappear for approximately two years.STJ's pacemakers, ICDs, and CRTs might – and in our view, should – be recalled and remediated.
moreover from cnbc
Shares of St. Jude Medical resume trading, recover losses
Shares of St. Jude Medical resume trading, recover losses
Shares of St. Jude Medical closed 0.2 percent higher, recovering earlier losses, after a temporary trading halt on Friday afternoon.The stock fell 2.5 percent in intraday trade before the halt.On Thursday, Muddy Waters Capital published a report announcing its short position in St. Jude.
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