Eros International (EROS) versus GeoInvesting is not ending just yet, even though the stock has bounced back since a steep fall last week. A new report submitted to Geoinvesting by FG Alpha (the hedge fund run by Geoinvesting co-founder Dan David) warns of a “very real liquidity crisis” at the distributor of Bollywood movies, citing as evidence a ratings downgrade by S&P and the company’s aborted bond offering of between $200 million and $260 million. “We think the wheels are falling off at Eros,” the investing site said March 16. “Eros seems to be quickly approaching a wall of…
GeoInvesting Now Says Eros Facing ‘Very Real Liquidity Crisis’
Bala Murali Krishna