Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) released its third quarter financial results today, and despite the statement’s upbeat tone Quindell’s stock price fell 8% before it started to rebound and it is still down more than 4% in intraday trading (currently at 147.00p). Adjusted cash increases, but cash holdings is still down from 1H14 Short sellers like Gotham City Research are still claiming that the stock is a zero, but today’s drop probably has more to do with some troubling fundamentals than short seller accusations of fraud. First off, Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) lowered its guidance for 2014FY revenue from a £800 million…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
