On Friday, January 29, 2020 Andrew Left told us in a video (above) that after 20 years of publishing Citron will no longer write “short reports”. We will focus on giving multibagger opportunities on the long side to the individual investor.
According to Reuters, “Andrew Left, who spent two decades building his brand as one of the world’s best known short-sellers, on Friday turned his back on publicly detailing companies’ shortcomings, capping a week of intense backlash against him and others who said video retailer GameStop’s stock is not worth its price.”
In the YouTube video above, which was posted on Friday, January 29, 2020, Andrew Left said his company would no longer publish short-selling research and shift to writing on companies that he thinks are worth buying.
Multibaggers Defined
A multibagger is an investment that has gained several times its original value. Each “bag” represents your entire original investment. So if you invested $5,000 in a stock and your holding is now worth $10,000, you have a two-bagger. If it continues to appreciate and is eventually worth $35,000, it’s a seven-bagger. At $50,000, of course, it’s a 10-bagger.
