OTCPK:TOUBF - Post by User
Post by
miner8740on Jun 06, 2011 6:47am
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Post# 18674163
Paulsonn may be bailing out
Paulsonn may be bailing outHedge fund manager John Paulson is said to have been nursing a paper loss of up to $460m Friday, after a long position in Sino-Forest Corporation (Sino-Forest), a commercial forest plantation operator in the People Republic of China, got bashed big time last week. Paulson is thought to own 14% of the business, and to also have positions in some company's bonds.