|Following a page from the William Ackman playbook, Whitney Tilson has begun to publicly carp on a company in which he holds a short position. As reported by Reuters, the Kase Capital founder took on a short position in K12 Inc, an online education company, about a year ago, only to see its stock price rise 70 percent this year. |
Citing the company’s questionable recruiting practices and its problematic position as a for-profit company generating profits off of non-profit charter schools, Whitney Tilson believes the bottom will fall out of K12 Inc. once it is fully investigated. Similarly, William Ackman of Pershing Square Capital Management, who made a $1 billion dollar bet against Herbalife, openly criticized the company’s business model and management practices.
|Hedge Fund Lists|