Carson Block

Muddy Waters retains their original investment thesis and Strong Sell rating on Olam’s shares. Their analysis of Olam’s Q2 2013 results are described below. Carson Block notes that gross debt to adjusted EBITDA is higher in the second quarter than in the first. The full document is embedded in scribd:

MW_OLAM_Q22013 Muddy Waters’s Reaction to Olam Q2 2013 Report by