Fleetmatics: William Blair’s Rejoinder To The Short Camp – ValueWalk Premium
FleetMatics Group

Fleetmatics: William Blair’s Rejoinder To The Short Camp

On September 19, FleetMatics Group PLC (NYSE:FLTX) fell nearly 16% after the publication of a highly adverse report that alleged, among other things, “accounting shenanigans that inflate profitability, the material weaknesses in its internal controls, the inexplicable discrepancies between related accounts in its financials, and Fleetmatics’ founding backer’s ties to a previous accounting fraud.”

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