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Muddy Waters' Latest Short Is Plunging After Revenue Shortfall

  • TAL Education sinks 17 percent after revenue view disappoints
  • Carson Block has previously called TAL’s profits "fraudulent"
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Block explains the short of TAL Education Group.(Source: Bloomberg)

Muddy Waters has struck again.

Chinese tutoring company TAL Education Group had already been reeling from allegations in June made by Carson Block, a short-seller who runs activist investment firm Muddy Waters. The stock is tumbling even further Thursday after TAL issued a second-quarter revenue forecast that trailed the lowest estimate from Wall Street analysts.