Not Afraid to Pipe Up
Not Afraid to Pipe Up
Salacious charges of collusion rock boring industry
(Note: After more than a year of providing my content for free, I’ll soon be adding the dreaded paywall. Stay tuned for details!)
Short-seller whose report exposed price-fixing in the chicken industry alleges price fixing among four major PVC piping producers.
Insanely high margins for producers of commodity products even as supply/demand normalizes.
Based on the allegations, the margins are unsustainable and each company is over-earning.
One stock has already fallen by around 40%, with half that drop in a single day on disappointing earnings.
Management offers up a vague denial.
Some stories fall through the cracks of coverage just because they’re not exciting enough to spark widespread interest.
That doesn’t mean they’re not good stories.
Like allegations of price-fixing in the piping industry.
Doesn’t get more contra-click bait than that. And in a world where eyeballs matter –even in the news media – price fixing in the piping industry ranks somewhere near …