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Prescience Point Claims Cheetah Mobile Is 'Worthless', Company Says Allegations Are 'Unfounded'
Thursday, October 26, 2017 - 9:49amCheetah Mobile Inc (ADR) (NYSE: CMCM) is the subject of an extremely bearish new report out Thursday morning from Prescience Point Research Group. Prescience didn’t pull any punches when discussing what it claims is “fabricated” Cheetah Mobile revenue. Peculiar Numbers According...
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SEC Confirms Celadon Investigation, Prescience Point Says In New Report
Wednesday, April 19, 2017 - 10:14amEarlier this month, Prescience Point Research Group released an extremely bearish report on Celadon Group, Inc. (NYSE: CGI) in which the firm alleged Celadon had inflated its reported tangible book value by more than 95 percent. On Wednesday, Prescience released a follow-up report on Celadon after...
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Celadon Falls 14% Following Short Report; Aegis Says Buy The Dip
Thursday, April 6, 2017 - 10:27amShares of Celadon Group, Inc. (NYSE: CGI) plummeted Wednesday following a short-seller report published by Prescience Point Research Group. The pullback creates an opportunity since the concerns mentioned in the short report are not new and uses certain figures “in a distorted manner,”...
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Prescience Point Report Claims Celadon Group Is Worthless
Wednesday, April 5, 2017 - 1:58pmCeledon Group Inc. (NYSE: CGI) shares fell more than 10 percent Wednesday after Prescience Point Research Group didn’t pull any punches in a new bearish note. According to Prescience Point, more than 95 percent of Celedon’s reported tangible book value doesn't exist and the company...
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Prescience Point Unleashes Tweetstorm On Credit Acceptance
Friday, December 16, 2016 - 5:00pmCredit Acceptance Corp. (NASDAQ: CACC) got caught in a tweetstorm by Prescience Point LLC, which credits itself for its short recommendations and proficiency in unraveling shady plots of muddled companies. Through a series of tweets, Prescience suggested that the squeeze in Credit...
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Josh Brown Comments On George Soros: He 'Doesn't Need To Be Right...This Is Called Bass Balls Beta'
Friday, June 10, 2016 - 10:44amBillionaire investor George Soros sees opportunities to profit in the global market. However, these opportunities are on the bearish side, according to the Wall Street Journal. The Wall Street Journal, citing "people close to the matter," reported Thursday evening that Soros sold stocks and bought...
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Be The first To Trade Your ICO Tokens On OpenLedger
Friday, June 3, 2016 - 2:18pmThere are many promising ICOs in the crypto world, but it can be hard to separate the wheat from the chaff. A new asset takes the work and risk out of the problem for investors, allowing them to trade and profit with confidence. ICOs or Initial Coin Offerings are back in vogue....
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Ulta Salon Tumbles As Prescience Point Says Stock Worth ~$88
Thursday, February 18, 2016 - 12:53pmShares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) tumbled more than 6 percent on Thursday after Prescience Point issued a scathing short thesis on the company. Prescience Point stated that a "plethora of red flags" surfaced during the 2012 to 2013 timeframe....
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The 'Smoking Gun' That Shows Amira Nature Foods Is Worth $0
Wednesday, August 5, 2015 - 3:54pmShares of Amira Nature Foods Ltd (NYSE: ANFI) were trading higher by more than 2 percent early Wednesday afternoon, despite a new research report by Prescience Point that claimed the company is "fabricating the financials it files" with the SEC. Within the report, Prescience Point...
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Is Ben Bernanke's Confirmation Threatened?
Sunday, January 24, 2010 - 3:41pmShort answer - I highly doubt it. Part of Friday's selloff was the fear of speculators that their Drug Dealer in Chief ("he drops paper dollars from helicopters faster than a speeding bullet") might possibly not be confirmed by the Senate. Despite all the hand wringing I'd put the odds at 5% or...
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