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Baldwin-United Corporation

BWN position short Jim Chanos

Thesis

I recommended a short position in Baldwin-United at $24 based on language in the 10-K and 10-Qs, uneconomic annuities, leverage issues and a host of other concerns. The stock promptly doubled on me, but later the state insurance regulator seized Baldwin-United’s insurance subsidiaries, validating my concerns.

Did it work?

Not yet analyzed

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