E.l.f. Beauty CEO Tarang Amin refuted allegations from short seller Muddy Waters, which claimed the company overstated revenue and inventory. Amin emphasized the company's 23 consecutive quarters of growth and strong market share, asserting that the accusations are unfounded and aimed at manipulating stock prices. He noted that E.l.f. has increased inventory to meet rising demand, particularly internationally, despite challenges faced by competitors in the beauty industry.
Carson Block warns that apartment complexes in the Sun Belt are poised to become the next significant issue in the commercial real estate market, following the struggles faced by office spaces. He notes that many properties were already trading at negative capitalization rates prior to the pandemic, indicating underlying financial challenges.
Carson Block, CEO of Muddy Waters Capital, announced at the Sohn conference in London that he is shorting shares of Elf Beauty Inc. His decision stems from concerns regarding the Oakland-based cosmetics company's revenue performance.
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