Manuel P. Asensio
Nine years of dedicated, activist short-selling earned Manuel P. Asensio a reputation as a successful and highly disciplined investment manager with a firm commitment to investor protection. Though many view activist short selling as disruptive to the markets, Manuel Asensio believes his deep research uncovered important information and facilitated accurate price discovery. While his investment research and short selling advocacy led to commercial success, Manuel Asensio also made important contributions to the securities industry itself. The short selling research of Manuel Asensio exposed overvalued securities. The information Manuel Asensio publicized in the Asensio & Company, Inc. reports helped journalists, regulators, legislators, and investors foster and invest in a fair marketplace. Manuel Asensio has received recognition from a variety of media outlets in connection with his short selling activities. The news sources attracted to the publicity his work generated include The Business Journal, The New York Times, Worth, Forbes and many others.
The professional life of Manuel Asensio reflects a desire to both succeed and help others. He and his family came to the United Sates from Cuba as political refugees in 1960. Manuel Asensio developed an early enthusiasm for political liberty and the American capitalist system. He earned an undergraduate degree from the University of Pennsylvania’s Wharton School and a Masters in Business Administration from Harvard University. However, his commitment to academic achievement and professional advancement did not prevent him from remembering his origins. The beloved mother of Manuel Asensio, Caridad Asensio, is the founder of the Caridad Health Clinic in Boyton Beach, Florida. She literally devoted the later part of her life to providing health care to poor migrants who could not afford proper medical attention. The relationship between Manuel Asensio and his mother has made investor advocacy and a concern for other people important features of his professional life. Unfortunately, this aspect of the Manuel Asensio record has often been overlooked by regulators and opponents. |
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In several cases we published comprehensive reports dealing with the company’s entire history and then numerous follow-up reports dealing with specific issues that arose during the time we were actively following the companies. In some other cases we issued a series of brief, though highly detailed, reports focused on specific narrow issues that were material to the stock price at the time. In many cases these brief reports refer to a specific company release and make opposing statements that question the accuracy or intended meaning the company’s statement. All of our reports related to these companies, and some of our correspondence with these companies, is available here on our web site under the Research section. In all cases we believe they contain clear statements describing our expectations and opinions about the value of the company’s securities.
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Asensio & Company, Inc. believes that the following are essential elements in any plan to improve the freedom and fairness of U.S. capital markets:
- Decentralize the SEC's Enforcement authority away from its politically-appointed, Washington, D.C. based Commissioners to the Chief Enforcement Officer at its local branches;
- Eliminate the regulatory bias against investors who oppose Wall Street's unreasonable stock schemes (these include the up-tick restrictions, the stock borrowing requirement and the exclusion of short sellers from the protections granted to other investors under the anti-fraud provisions of securities laws);
- Establish listing requirements that prevent public companies from filing frivolous lawsuits against analysts, media or other public commentators who criticize its management or have opposing opinions concerning the value of its publicly traded securities.
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Manuel Asensio conducts a preliminary analysis of public companies when it believes that a company's stock is trading at a price that is wholly unjustified when compared to its peers and/or its own future prospects. Manuel Asensio's preliminary analysis candidates come from its following the activities of known fraudulent stock promoters and industry sources. These sources include medical researchers, executives of companies in the subject company's industry and financial experts with extensive research experiences, which are either well known to Asensio or investigated to confirm their experience and knowledge with the subject matter. |
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