Citron Research, Really?

According to CNN Business, “Short-seller Citron Research said Tuesday it expects the stock to plunge nearly 85% to just $5 a share.” I am familiar with Citron Research and I am surprised that these idiots actually get recognized in an MSM business news article. I am familiar with Citron Research because their “analysis” targeted a direct competitor of the company for which I work, which tanked the entire f***ing peer group. So thanks for that, Citron; my stock is still down 25% from its high. As I read their “research” report on said competitor I could not believe how the market actually gives credence to a report filled with attacks, unfounded speculation, and rather weak “analysis.” Anyone can cherry-pick a set of financial ratios and measures to suit his or her needs. For instance, in their writeup of my company’s competitor they attached — harshly and comically, I might add — the Christian foundations of the competitor, with which I wholly heartedly agree, but religious attacks on the company are not proper analysis and weakens everything else in the report. Proper analysis should be dispassionate and unbiased. I even found a couple of grammatical errors. Un-f***ing-believable! Yet, Citron is clearly a market mover. That is to say, when they speak the market reacts no matter how flawed and obviously biased the “analysis.” It amazes me. I mean the intentions of Citron are in the type of trades the firm engages: short-selling. They intentionally criticize companies with the explicit motivation to drive down the stock price — and it works! I have always been a believer that the market embodies perfect information; prices reflect all known and even unknown information (speculation), but to actually see markets react to nonsense I think says more about the underlying stupidity of America. Another case in point, the wild swings in the market as traitor trump hints (lies) about some progress in trade talks with China, which China later contradicts or the said progress just doesn’t pan out, e.g., agricultural purchases that traitor trump said China was going to make and have yet to happen.