By Jennifer Ablan
NEW YORK, July 5 (Reuters) - Short seller Marc Cohodes, who has famously bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO and Home Capital Group Inc HCG.TO , said on Wednesday that he is targeting yet another Canadian firm - Exchange Income Corp EIF.TO .
Cohodes told Reuters that Exchange Income - a Winnipeg-based company focused on opportunities in aerospace and aviation services and equipment, and manufacturing - does not generate enough cash to pay the juicy dividend it provides investors.
At about C$33 per share, Exchange Income commands a market capitalization of $1 billion.
Cohodes, who worked at a short-selling hedge fund but now raises chickens in California and invests his own money, has targeted Valeant, Intertain Group Ltd ITX.TO , Concordia International Corp CXR.TO , Home Capital, Equitable Group Inc EQB.TO and Badger Daylighting Ltd BAD.TO .
Cohodes told Reuters last month that he is keeping his short position on the Canadian lender Home Capital despite a capital infusion from Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N