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Shares of Akazoo, Silvercorp Sell Off On Reports From Inaugural Contrarian Investor Virtual Podcast

Published April 21, 2020

The Contrarian Investor Podcast, in partnership with ValueWalk, hosted the inaugural virtual conference before market open on Monday, April 20. A recording of the event is available on our new YouTube channel (and viewable at the bottom of this page).

Shares of Akazoo sold off sharply after the presentation from Gabriele Grego of Quintessential Capital Management that kicked off the event. “We believe Akazoo is a scheme orchestrated by management to profit while egregiously deceiving investors,” Grego said during the presentation. “We see signs of very suspicious accounting manipulation,” including cash inconsistencies and “a total lack of income taxes.”

Update: On May 21, an Akazoo special committee of independent directors announced that management and associates “participated in sophisticated multi-year fraud.”

Silvercorp Metals also sold off in the pre-market after the presentation by Nathan Anderson of Hindenburg Research.

Maj Soueidan of GeoInvesting LLC, a previous guest on this podcast, said he was bullish on shares of Intouch Insight. The customer experience company’s stock has sold off after coronavirus, which Soueidan says is an opportunity to build a position. He has a target of about $3 for the stock, which was trading around 27 cents a share at the time of his presentation.

Matt Zabloski, another guest on the podcast, gave the final presentation of the event, saying he was long shares of Vale, a Brazilian iron ore producer.

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Season 2, Episode 12: Market ‘Melt Up’ Will Continue Until Late Summer Before Onset of ‘Deflationary Bust’

Published April 14, 2020

With David Hunter of Contrarian Macro Advisors

David Hunter, chief macro strategist at Contrarian Macro Advisors, has for some time predicted a final “melt up” stage of the market cycle before markets crash.

This stage is now underway as markets recover from an initial sell-off caused by the coronavirus (which Hunter admits he did not and could not have predicted).

What comes next is a “secular top that I expect to be the high-water mark for decades to come,” he says. After markets peak around late summer, a “global deflationary bust” will ensue, with as much as 80% downside for equities.

Prefer to read the transcript of this talk? Become a premium subscriber to get access. Sign up now with a special discount that will expire soon.

Content: 

  • Target of 4,000 for the S&P as part of “the final melt up” (2:23)
  • The downside target. Forget the “retest narrative” in the short term (10:39). Markets should drop by 80% from the top (11:58)
  • Unprecedented leverage doesn’t leave policymakers much time (14:09)
  • Background on David: 47 years in financial markets (18:46)
  • The current crisis in historical context (26:35)
  • Deflation allows for liquidity injections. Until it creates inflation (32:01)
  • Discussing the potential political and social fallout from the coming economic crisis (36:12)
  • How deflation will eventually turn to inflation (40:20)
  • Discussion of the U.S. dollar’s reserve currency status (45:56)
  • Bullish outlook for gold and silver (51:37)

Highlights From Our YouTube Channel

For more information on the guest:

Not intended as investment advice.

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Inaugural Virtual Contrarian Investment Conference to be Held April 20

Published April 1, 2020

Proceeds to Benefit Coronavirus Relief Efforts

The Contrarian Investor Podcast, in partnership with ValueWalk.com, will host its first-ever virtual investment summit on Monday, April 20, 2020 at 4 p.m. EDT.

A select group of investment professionals will be invited to present one (1) fresh stock pick each. These ideas must be contrarian in nature to qualify. Presenters get five (5) minutes to introduce their idea. They are then asked to talk through some details by Nathaniel Baker, host of the podcast. Finally, audience members can ask questions through the webinar’s interface. Presentation materials and contact information will be made available to participants.

A portion of proceeds will be donated to the CDC Foundation to help the emergency response to coronavirus.

Featuring the following presenters:*

The cost to attend is $200. Attendance is limited. First come/first serve.

Sign up now here.

Interested parties may email info@valuewalk.com or call +1-973-685-6523 for more information.

*preliminary list. More to be added

Read the full press release.

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