On June 19th, Rev. Father Emmanuel Lemelson, Founder and President of the Lantern Foundation, and Chief Investment Officer of Lemelson Capital Managements was invited onto Benzinga's Pre-Market Prep show to discuss the theme of capital allocation as stewardship.
In the interview, Fr. Emmanuel, after some initial comments on his background and investment philosophy is asked in depth and pointed questions about his recent short call on shares of WWE that was first published on Seeking Alpha on March 17th, as well as his recent 25 page research report (also first published on Seeking Alpha) on shares of LGND. He clarifies his reasoning behind statements that shares of LGND have no intrinsic value presently.
Shares of LGND dropped as much as 2% during the interview. To watch, click here.
Disclosure: The author is short LGND. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it. The author has no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Long Shares of WWE