Bollywood Film Distributor Eros International Target Of Short Seller Glaucus

Soren Aandahl, research director at short seller Glaucus Research Group, wasn’t shy about his distaste for Bollywood movie distributor Eros International at the Invest for Kids conference in Chicago Wednesday. His logic isn’t so much based on the movie genre as it is on what he calls the company’s “feudal” organizational chart that rewards relatives of the company’s founder. But even more material are concerns that the company is cooking the books. Aandahl: Eros debt, which has tanked, points to a stock price target of zero Eros stock, traded on the New York Stock Exchange as well as in India,…