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Short selling master Chanos now shorting this sector
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Tuesday, August 25, 2009
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From Clusterstock:

The world's best-known short seller is targeting big pharmaceutical companies.

Speaking on a radio program, Jim Chanos said the bubble in healthcare spending is likely to pop.

"Healthcare is growing now at about 10 per cent per annum in the US top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last,"
Chanos said, according to this report from Australia.

Read full article...

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Topics: Short Selling | Stocks
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