Financial analysis of DCB impact on 2018 EBITDA, page-29

This is great article from the Motely Fool summarising some red flags short sellers look out for in potential opportunities.

https://www.********.au/2018/02/09/6-ways-top-investors-avoid-losing-companies/

1. Reported earnings not matching cash-flows

2. Earnings dependent on management assumptions

3. Obscuring earnings growth through acquisitions and equity raising

4. Off-balance sheet financing arrangements

5. Businesses with no competitive advantage and a weak market position

6. High turnover of management and directors

How many can you see in the current situation at IMS?

I think I count 4-5 of the 6 red flags outlined above, all at the same time.