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As a matter of course Manuel Asensio's brand of conflict-free investor advocacy questions media's sources and their treatment of company "news" and regulatory issues. This dynamic is reflected in articles dealing with specific companies and Asensio's work methods in general. We view media bias as a foregone conclusion. One example of bias is that media refers to investors engaged in independent critical research of statements made by public companies as "short sellers." The group of quotes below were selected to help the reader understand the media's role in securities markets and how this role affects its reporting on individuals engaged in short selling. Readers should consider the above when reading any article about a public company or investment firm and certainly while reading any of the articles that contains treatment of contrarian opinions.
"Winstar [...] failed to make an interest payment on some debt, shortly before it fell into bankruptcy, as Manuel Asensio predicted.” CharlesGasparino
Blood on the Street
“Don’t sell this short-seller short.”
Bethany McLean
Fortune
“Manuel Asensio is every investor's best friend [...] his firm scours the investment world [...] in the process, Manuel Asensio has uncovered numerous cases of outright fraud.”
Christopher Mayer
Ludwig van Mises Institute and Indi Community News
“So when will individual investors wise up […] when they start paying attention to people like Manuel Asensio.”
Eric Winig
Washington Business Journal
Manuel Asensio provides sound economic arguments for loosening the regulatory constraints on short selling...”
Martin S. Fridson, Editor
Financial Analyst Journal
While most UK investors are unlikely to be familiar with [Asensio's] work they might be aware of its results.
Duncan Hughes
Financial Times
“Diana has gone from a red-hot stock to little more than all the nasty things Manuel Asensio said the company was when he made a multi-million-dollar bet against it.”
Peter Kendall
The Business Journal
“The current uproar over the Dreyfus manager erupted when Manuel Asensio, a New York investor who specializes in short selling, accused Dreyfus of [....] wrongful utilization of investor's money.”
Edward Wyatt
The New York Times
“Jack Grubman dismissed the work of Manuel Asensio, a well-known shortseller who predicted, almost to the day, Winstar's demise, as someone who 'lacks an understanding of the CLEC industry.' Manuel Asensio, it turns out, understood this industry far better than Grubman”
James J. Cramer
TheStreet.com
“Short-sellers play a valuable role in the market....certainly the record of Manuel Asensio, perhaps the most notorious of short-sellers, testifies to that.”
James Surowiecki
New York Magazine
“[Asensio] has gained prominence for his public war of words with Diana Corp.-- a war that he has clearly won, with Diana’s shares plummeting 97% over the 12 months.”
Gary Weiss
BusinessWeek
Manuel Asensio casts a long shadow on Wall Street [...] there is little question that Mr. Manuel Asensio is intent on his work.”
Amanda Lang
Financial Post
“Few doubt that Manuel Asensio is battle tested.”
Craig Karmin
The New Republic
"Manuel 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
Investing Guru
Registered Rep
"Manuel Asensio is a cult figure among some investors....his unmatched six-year record for spotting over hyped and fraudulent stocks, makes him very unpopular on Wall Street.”
Publishers Weekly
“Everyone agrees [Asensio] gets results.”
Thor Valdmanis
USA Today
“Manuel Asensio doesn't bet often. But when he does, it's wise to pay attention.”
Paul Kaihla
eCompany Now
“Even following the recent [92%] decline in VeriSign's stock price, famed short-seller Manuel Asensio isn't declaring victory. The New York investor continues to have a short position [...]”
Peter Loftus
The Wall Street Journal
“Manuel Asensio, a New York short-seller [...] is taking on the granddaddy of stock buyers: Fidelity Investments.”
Beth Healey
Boston Herald
“Manuel Asensio has produced perhaps the best public record of stock calls in the business.”
Zeke Ashton & Whitney Tilson
TheMotleyFool.com
“Along with other journalists, I have made use of Manuel Asensio's materials, though not without checking it first. When I did, it turned out to be quite reliable.”
John Dizard
Financial Times
“For the better part of the past decade Manuel Asensio's made his living by taking a contrarian stance on stocks that everyone else seems to love.”
Bethany McLean
Fortune
“Manuel Asensio, a meticulous researcher.”
Eric Reguly
The Globe and Mail
“Manuel Asensio's record for spotting dubious and overpriced enterprises is simply unmatched ...”
The Motley Fool
“[Asensio] concluded with a prediction that Turbodyne stock would fall below $1 a share. (It fell to a $0.01 low.)”
Benjamin Mark Cole
Los Angeles Times
“[Asensio] borrows lots of stock and sells it high. When the price falls, he buys the stock back, returns it to the owner and counts his winnings. Most of those stocks have plummeted. Several companies have gone bankrupt or been delisted.”
L. Stuart Dinzen
Inquirer Magazine, Philadelphia Inquirer
“Despite signing a lucrative marketing deal with [Schering-Plough], Zonagen has seen its stock price tumble 25% over the last two weeks after receiving a negative report from [Asensio]. (The stock subsequently fell below $2.)”
Jennifer Darwin
Houston Business Journal
“The people at Schering-Plough have forgotten more about drug development and regulatory strategy that this guy Manuel Asensio will ever know. Dan Ramsey, drug analyst as quoted about Schering’s Vasomax investment. (Schering failed to get Vasomax approved and lost its entire investment.)”
Jennifer Darwin
Houston Business Journal
“Manuel Asensio has issued numerous reports since last year assailing Network Solutions from all angles and disputing the research conclusions of analysts like Prudential Securities’ Paul Merenbloom -- who along with every other analyst except Mr. Manuel Asensio, has rated the the company a Buy or Strong Buy.”
Luc Hatlestad
Red Herring
“The hottest bear to date: Asensio….BioTime is down 55% since January.”
Ronald Boone, Jr. and Robert J. Sherwood
Forbes
"There is a serious discrepancy in the marketplace” said Manuel Asensio, who has sold Nuance shares short. (The stock fell 98%.)”
Alex Berenson
The New York Times
“Mr. Manuel Asensio warned in a September article in this newspaper that ErgoBilt faced problems. He views “it as a terminal short,” meaning he believes that stock will soon be worth nothing. (ErgoBilt stock soon became worthless.)”
Jonathan Weil
The Wall Street Journal
“Manuel Asensio’s work is well-reputed.”
John Westergaard
The Weekly Interpreter
“Mr. Manuel Asensio […] is known as being the most famous Short Seller on Wall Street.”
Michael Baumann and Hank Reimer
Wirtschaftswoche
“Manuel Asensio and his team of analysts have made it to their passion to detect fraud in the securities market”
Euro am Sonntag
“Manuel Asensio’s zest for battle really sets him apart.”
Brett Nelson
Forbes
“[Asensio] infuriates company management, particularly where Manuel Asensio has determined that the company’s products do not work”
Washington UPI
“Instead of playing the game with his cards to his chest, [Asensio] finds flagrant instances of overvaluation and lays his cards out of the table when the betting is at its peak.”
Peter Kendall
Business Journal
“Manuel Asensio is on the warpath. One of the leading short sellers on Wall Street, he's on the phone calling lawyers, editors, public officials--anyone who will listen--to his complaint about VeriSign. . . The issue is pretty obscure and Manuel Asensio is a stock trader, not a bureaucrat, so why does he care? He has a short position.”
Dan Ackman Forbes.com
“Playing a pivotal role in the downfall of Turbodyne was the well-know New York short trader Manuel Asensio, who released a bluntly worded report”
Benjamin Mark Cole
Los Angeles Times
“Manuel Asensio, a highly regarded and usually laser-accurate short seller.”
George Gutowski
The Energy Stock Blog
Author of Financial Self-Defense for Investors
“Manuel Asensio published "well-researched and insightful attacks" on NVEC fundamentals.”
Christopher Byron
The New York Post
“Manuel Asensio a “prominent and successful short seller”.
Christopher Faille
Lipper HedgeWorld
“Manuel Asensio is an investor, hedge fund manager, and investors' activist. He earned his reputation in the 1990s through the practice of short selling the stock of companies he believed were involved in deceiving the public.”
Wikipedia
The Free Encyclopedia
“Pegasus's 86% price decline "coincides with the publication of 11 negative research notes from July through August by well-known short-seller Manuel Asensio."
Liz Moyer
Forbes |
