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Burford: Was MW Wrong About Napo? (BUR LN) - Muddy Waters Research
No. Don’t be silly. We stated that beginning with BUR’s 2013 Annual Report, BUR egregiously manipulated its ROIC and IRR on a $7.4 million investment by categorizing Napo as a win with a significant return when it should have been a loss. BUR responded “The claim is simply false”. BUR then elaborated “As it transpired, …