Friday, March 11, 2016
j2 Global Fends Off Attack By Short Seller
Los Angeles-based J2 Global said this morning that a report issued yesterday by Citron Global was "both factually incorrect and wrongly critical" of the company, as well as its business and future prospects. The report, from short seller Citron Research, called j2 Global a "nemesis for short sellers" and claimed J2 Global's stock will be in "single digits" over the long term, criticizing the company's business model. j2 said it will be providing additional detail on the profitability and prospects of its businesses, and asked investors to "form their own opinions and draw their own conclusions" of its business.