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Tuesday, May 24, 2011

Heartland Value Adivsors - COGO - TXIC

I checked out the major holders of COGO and I was surprised to see Heartland Value Advisors . I mean, these guys are supposed to be value investors, doing their own investigative research. Then I noticed one of their other major positions was TXIC, a well known Chinese RTO fraud. So maybe Heartland Value Advisors is, at least in this scenario, part of the dumb money.

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