Actrade

Actrade appears in Dan Loeb: The Lost Art of Short Selling, and Why Stock Picking is Back as Dan Loeb’s example of a 1990s short-selling target. In Loeb’s account, the company presented a factoring or receivables-finance business as if it had special technology, making it a case for short selling as forensic story-checking rather than only valuation disagreement.

The page is source-scoped. The episode uses Actrade to illustrate Loeb’s early style and the link between accounting red flags, market storytelling, and public pressure; it is not a full company history.

Connections

• Dan Loeb and Third Point - source speaker and firm context.
• Short Selling and Accounting Red Flags - forensic-investing branch.
• Event-Driven Investing and Investment Edge - older market-dislocation and research-edge context.