Shares in Seagate hit a 52-week high on Wednesday, before Jim Chanos started speaking.
So high that they are approaching 10% of the average sales price of PCs, Chanos explained.
Chanos is most well known for correctly calling the accounting scams behind Enron, Tyco and WorldCom.
Where is this so-called hard landing, Mr. Chanos, and when exactly is it supposed to occur?
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The lead singer in the investment community is hedge fund manager Jim Chanos.
At least one short seller, Jim Chanos, was willing to act on such worries.
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Chanos thinks the disk drive makers will face added pressure from excess supply of digital storage space.
On twitter, Jackson suggested that Chanos meet with Chinese people to have better understanding of the true situation.
For-profit colleges are not a new whipping post for Chanos, and he had harsh words for the industry.
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On the phone, Jackson reiterated that Chanos is making a macroeconomic level projection and proper due diligence is absolutely necessary.
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Chanos told me this morning that in early 2011, months before the HP-Autonomy deal, Autonomy was his biggest European short.
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Chanos, who dismisses naked short-selling as hogwash, led the fund industry's push to get the SEC to drop the restrictions this summer.
Jimmy Chanos normally weighs in with some form of esoteric, cosmic bearishness.
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Chanos, the founder of Kynikos Associates Ltd, has a terrific track-record.
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In a statement Wednesday, Chanos, who is also head of the Coalition of Private Investment Companies, said he supported the SEC's new rules.
Jackson, as opposed to Chanos, is very bullish on China from a macro perspective and even visited the country to verify his position.
Nonetheless, Chanos discussed what was required to be a successful short-seller, which included accepting that the conventional wisdom about a stock is wrong.
Sever sales still make up a very small portion of the market, and the cloud promises to make storage even more efficient, Chanos argued.
Jackson thinks that if Chanos actually went to China, he might be pleasantly surprised at the state of the economy and the housing market.
Cost structures have risen dramatically, with the price of finding and producing a barrel of oil surging over the past decade plus, Chanos said.
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Instead I constantly read the work of bears like the hedge fund short-seller Jim Chanos, to see if they see something that I miss.
Although he took the entire sector to task, Chanos highlighted Agricultural Bank of China in particular, because of the amount of debt it carries.
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Chanos is already on record saying banks knowingly booked inflated earnings when selling financial products that led to the financial system's downfall and government bailout.
Jackson particularly singles out the fact that Chanos has harped upon an imminent crash for over a year and this crash has, well, yet to occur.
He will present his best investment idea for this year, as will fellow short-seller James Chanos of Kynikos Associates and activist William Ackman of Pershing Square Capital, among others.
Chanos, a gold bug, has plenty to worry about.
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It seems as though Jim Chanos was right again.
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In particular, Chanos highlighted ITT as a value trap.
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