A Suspected Accounting Facade

Soren Aandahl of Blue Orca Capital joins Zer0es TV to share his firm’s latest short thesis on Dayforce, Inc. (NYSE: DAY). Blue Orca believes Dayforce engages in highly aggressive revenue recognition and accounting maneuvers that inappropriately pull forward sales and inflate profits, and that it manipulates key metrics which not only mislead investors but unjustly enrich management.  Blue Orca argues that Dayforce is a governance mess beset by aggressive accounting, misleading non-GAAP metrics, insider selling, heavy management turnover and an unusual adverse opinion from its auditor.