OLD Media Moves

What's going on with Sharesleuth

February 14, 2007

Remember Sharesleuth.com, the investigative business journalism web site started last year by former St. Louis Post-Dispatch business reporter Chris Carey and funded by Dallas Mavericks owner Mark Cuban?

Mark CubanThe stories have been slow on the site, as those of you who have checked it regularly for updates like me have noticed. Cuban was also criticized for shorting the stocks of the companies being written about onthe site before the stories were published.

But apparently the site is not dead, at least not according to Michelle Leder, a noted business journalist whose Footnoted.org site is one of the best in the business.

Leder posts that she recently interviewed Cuban for a story for Worth magazine, and Cuban is very happy so far with the results of the site.

Leder wrote, “On Friday, Cuban said he’s happy with how Sharesleuth is doing, particularly in terms of the short positions he’s taken. “The positions I took (presumably Utek (UTK) and Xenathol (XNL)) I haven’t covered. And there’s plenty of more companies to look at.’ Both stocks have turned out to be good short opportunities, based on this chart. Cuban also said that there were plenty of recently laid-off business journalists who might start helping out on Sharesleuth one day soon, which should help Sharehsleuth post a bit more frequently, since its last post was nearly two months ago.

“For more on my interview with Cuban, you’ll just have to wait until the May issue of Worth.”

Read more here.

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