An avowed short alleges a crime without offering a shred of supporting evidence?

Sounds more like market manipulation and yellow journalism strikes again.

That would be FOUR times, actually, wouldn't it? I'm sure all will be told when the details get out. This story is sticking around for a while, I think.

-- MDT

lol @ details. There are no details and no evidence. That a newspaper should drag a company through the mud is appalling. It's all about a short-side hedge fund manager who has sleazoid and a half herb greenberg and a couple of other sleazeball "journalists" who will run with any non-story he plants.

This has been going on for nearly five years. Einhorn made a bad short call and he is too egotistical to admit he was wrong. He should stick to the WSOP, where he is smarter than 99 percent of his opponents (not saying much in that setting).

But what of the telephone records? Or are we to assume that this is a total fabrication on the part of Greenberg, Einhorn and the others? That certainly does not seem to be the case, so there is an interesting mystery there. Whether Allied deserves to be fingered for it or not is a different matter.

>Or are we to assume that this is a total fabrication on the part of Greenberg, Einhorn and the others?<

Hard to say. As an Allied shareholder, I've seen enough episodes of this soap opera to know that the connections between the above-mentioned go well beyond their interest in this one company. I would say these are two or more people who often have one voice. Or, if you like, one leader and multiple followers.

My suspicion is this is an increasingly desperate short-seller trying to ride the pretexting news. What does he have to lose? He's thrown about 100 things against the wall the last few years. Nothing has stuck yet, but what's one more try?

I see The Washington Post is now on the bandwagon. I wonder why they haven't examined the ties between Allied's accusers? Or why the previous federal inquiries have turned up nothing actionable? Or why Allied shareholders and taxpayers like you are funding these investigations that lead to nowhere? Who is requesting them and why? Far more interesting mysteries, there, IMO.