Cyberonics – Short-Selling Creates Buying Opportunity
Cyberonics (CYBX) just tanked, dropping 25% in eleven days, from its all-time high of $57+ to under $43. The apparent cause? Blowing The Whistle On Cyberonics – a short-seller report that criticizes the company on many levels, including fraud. While the company countered that the report was incorrect, that rebuttal fell on deaf ears, and the stock closed the week near its low.
Because Cyberonics is one of my special growth holdings, I decided to tackle the ~9,000 word report. Based on my findings, I bought more. Here’s why…
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