Sino-Forest Corp. Stock Plummets

Posted: Updated:

It took just one report from a little-known short-seller to send the stock of one of Canada's biggest publicly traded forestry companies into a tailspin and its startled board of prominent directors scrambling for answers.

On Friday, the board of Toronto-listed Sino-Forest Corp., Sino-Forest Corp. (TRE-T5.23-9.23-63.83%) publicly warned investors to view with "extreme caution" a "shock jock" short-sellers report that accused the company of grossly exaggerating the value and scale of the core timber holdings it buys and sells in China.

Read the whole story at The Globe and Mail

Around the Web


Sino-Forest Corp (TRE.TO) Quote| equity news: SNOFF SinoForest denies Muddy ...

FT Alphaville » A $4.2bn question for Sino-Forest Corporation

Making sense of Sino-Forest