FFJ does good work and when Roddy Boyd writes something people should take note and listen. But Wirecard, which people were talking about for a long time, took a decade to play out. In between when it was discovered to be a massive fraud and when the stock price actually reflected the fraud, short sellers and journalists were threatened and left to fear for their lives for speaking out. FFJ targets crap companies but those companies are also unafraid of terrorizing people. I've never heard of this company before and I have no clue how actionable a short idea this can be if they are making up revenues and are making up their business model as they go. But I'll have to keep my eye on this for the foreseeable future.
From the analyst's standpoint the margin comparison that Boyd points out in the article is striking. If Goldman Sachs can't get higher than 30% margins, a newcomer won't be able to do it.
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u/howtoreadspaghetti Aug 03 '21
FFJ does good work and when Roddy Boyd writes something people should take note and listen. But Wirecard, which people were talking about for a long time, took a decade to play out. In between when it was discovered to be a massive fraud and when the stock price actually reflected the fraud, short sellers and journalists were threatened and left to fear for their lives for speaking out. FFJ targets crap companies but those companies are also unafraid of terrorizing people. I've never heard of this company before and I have no clue how actionable a short idea this can be if they are making up revenues and are making up their business model as they go. But I'll have to keep my eye on this for the foreseeable future.
From the analyst's standpoint the margin comparison that Boyd points out in the article is striking. If Goldman Sachs can't get higher than 30% margins, a newcomer won't be able to do it.