Kynikos Associates founder Jim Chanos was a guest on CNBC to share some of his "favorite" short positions and to discuss his most recent major win in Luckin Coffee Inc (NASDAQ: LK)Avoid Chinese Stocks 'Like The Plague'Investors need to simply avoid Chinese stocks "like the plague," Chanos said. Investors were once again "burned" in a Chinese company with unrealistic metrics and "all kinds of odd transactions with affiliates." In Luckin's case, the China-based company has an offshore entity in the Cayman Islands.Chanos said he was short Luckin's stock on the recommendation of fellow short seller Muddy Waters and covered the short position prior to Thursday's market open."Luckin's a great example of -- when people talk about banning short selling or restricting short selling. This stock was being talked about by the fundamental short sellers in the community in January and February as a fraud," Chanos said. "It's one of the things...
Yahoo Finance’s Editor-In-Chief Andy Serwer sat down with Eric Goode, Director of the popular Netflix docuseries ‘Tiger King’ to discuss the comparisons between Joe Exotic and President Trump....
Ron Johnson, who is the former CEO of J.C. Penney and architect of Apple's retail stores, gives his take on the future of department stores during coronavirus....
