Soren Aandahl of Blue Orca Capital makes the short case on Shift4 (FOUR). Blue Orca argues that the Company’s gross profit, EBITDA, and cash flow are inflated by a series of hyper-aggressive maneuvers undertaken just as the decline in FOUR’s share price created the threat of a margin call on its CEO’s equity-backed loan.
Full report, including the full disclaimer (incorporated by reference) at www.blueorcacapital.com
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