Farmland Partners’ shares plummeted after a report said the company was in trouble; prosecutors and regulators have been examining what happened
Andy Jenks, a sixth-generation farmer in Illinois, grows corn on the land he rents from Farmland Partners.Andy Jenks, a sixth-generation Illinois farmer, owns shares in a small real-estate investment trust called Farmland Partners Inc. but rarely thought about them. That changed on July 11, 2018. That morning, a writer going by the name Rota Fortunae published an article on an investing website, Seeking Alpha, alleging Farmland was at risk of insolvency. Some investors had shorted the company, betting Farmland’s stock was poised to decline. It did, and by the end of the day, Farmland was down 39%. It took more than two years for the share price to recover.
Why are you promoting and sending push notifications on this story? 99% of co’s that bitch about shorts are fra*ds/liars… so you make a big to do about sub $1B market cap company. Rota was right on other cos and dealt with this…
The names Warren Buffet and Bill Gates come to mind.
Simply everyday gambling on the stock market. The whole thing is a giant casino based on what people think something is worth.
Sounds like business as usual for the crooks