I'm really enjoying this Muddy Waters research report into the shennanigans going on in Burford Capital (Omni's competitor). Aggressive (and dodgy) accounting reminiscent of Enron - marking up the value of ongoing cases based on an unrealistic success rate, and recognizing the profit early. Makes me happy that OBL takes a very conservative approach to its accounting.
http://d.muddywatersresearch.com/content/uploads/2019/08/MW_BUR_08072019.pdf
I'm really enjoying this Muddy Waters research report into the...
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$1.48 |
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Mkt cap ! $425.4M | |||
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