Sino-Forest Corp. Stock Plummets

First Posted: 06/04/11 10:45 AM ET Updated: 08/04/11 06:12 AM ET

Fallen Trees

The Globe and Mail:

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: The Globe and Mail


Filed by Kenny Yum  |