17 Year Old Student Predicted Abengoa Bankruptcy That Ratings Firms Missed

Abengoa – With numerous elite educations supporting stock analysts all swirling around the finance industry, it took a 17-year-old student conducting fundamental research to logically and accurately predict the bankruptcy of a major Spanish multinational corporation. In what might be categorized as the age of financial obfuscation, the student used “basic knowledge” to connect dots that major ratings agencies and auditors missed. With massive debt and unorthodox accounting, Abengoa declares bankruptcy as 17-year-old student predicted by using “basic knowledge” Abengoa SA is a Spanish firm with subsidiaries in energy, telecommunications, transportation and the environment, considered a world leader in solar…