Investors should compare the revenue representations EROS International Plc [NYSE Trading Symbol: EROS, $18.05] made during their Investor Day on October 13, 2015 to those the company just filed in their year-end audited results. In the infamous clip below, investors can observe Jyoti Deshpande’s, EROS's CEO’s, response to being questioned about the rep […]
On July 26, 2016, EROS International Plc. [NYSE Trading Symbol: EROS, $17.87] released its Form 20-F for Fiscal 2016. Prior to this release, EROS reported its unaudited Fiscal Year 2016 results, and highlighted three facts: EROS generated positive Free Cash Flow of $21.8 million EROS reduced its trade receivables from $198,066 million to $169,413 million ERO […]
On July 18th, 2016, Oxford Club Radio interviewed asensio.com's founder Manuel P. Asensio about his history as a short seller and the current investigation of EROS International Plc's [NYSE Trading Symbol: EROS, $17.87] financial reporting and stock market valuation. The full podcast is available below: [audio mp3="http://www.asensio.com/wp-c […]
Activist Insight, a worldwide information source for global investing, interviewed Manuel P. Asensio, asensio.com’s founder on July 14th, 2016 about the public controversy surrounding EROS International Plc’s [NYSE Trading Symbol: EROS, $17.92] financial reporting and stock market valuation. The interviewer, Paolo Frediani, works as financial journalist ther […]
On May 28, 2015, EROS International Plc. [NYSE Trading Symbol: EROS, $18.16] abruptly announced that Andrew Heffernan, its Chief Financial Officer, was “taking a leave of absence.” The length of his leave was undisclosed. In the same announcement, EROS announced the appointment of Prem Parameswaran, a well-known investment banker, as its new CFO. On August […]
In January 2014 the National Bureau of Economic Research, [“NBER”] the nation's leading nonprofit economic research organization, published a behavioral finance article titled “How Constraining Are Limits to Arbitrage? Evidence from a Recent Financial Innovation.” The study identifies a "recent class of short sellers" and found that Manuel P. […]
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asensio.com provides links in its reports to supporting documents to allow investors to review source materials and evaluate our representations. These documents are compiled in our data base and viewable and accessible by clicking on the description of each document from a sortable list. Access to the Data Rooms is provided under the “Report Record” main menu on our front page. Investor can go directly to our data rooms by clicking here
Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.
Asensio helped define “activist investor.”
The Wizards of Short-Selling
July 8, 2008
Winstar […] failed to make an interest payment on some debt, shortly before it fell into bankruptcy, as Asensio predicted.
Charles Gasparino Blood on the Street
Asensio has a remarkedly strong record in picking shorts. [….] For that talent, one company has called him ‘one of the world’s best-known short sellers.’
David A. Geracioti,
Everyone agrees [Asensio] gets results.
Thor Valdmanis, USA Today
Asensio has produced perhaps the best public record of stock calls in the business.
Zeke Ashton & Whitney Tilson,
Manuel Asensio is every investor’s best friend […] his firm scours the investment world […] in the process, Asensio has uncovered numerous cases of outright fraud.
Ludwig von Mises Institute and Indi Community News
Don’t sell this short-seller short.
Bethany McLean, Fortune
at bottom, what gives shorts an edge is sheer shoe leather. “Shoe leather” might well be Manuel Asensio’s middle name.
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.
Click here to view asensio.com’s appearances on various television programs, including CNBC and Bloomberg TV. These appearances reflect asensio.com’s tradition of taking the time to engage in open meaningful dialogues including taking an active part in the public debate about investment valuation.
Asensio & Company, Inc.'s book published by John Wiley & Sons, Inc. titled "