While the recent track record for Muddy Waters has been uninspiring, their “strong sell” report on NQ Mobile this morning has garnered attention since it has halved the stock’s market cap in minutes. NQ is now down 50% on the day having been halted numerous times. Still, if you feel like catching this knife, a full 5 out of 5 analysts that cover the stock have ‘buy’ recommendations with Topeka’s Fred Ziegel topping the list at $33.50 (a 200% rise from current levels). Full report below…
MW_NQ_10242013.pdf by zerohedge
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/jqVacj8Ts90/story01.htm Tyler Durden