Nov. 26 at 7:00 PM
$APP recent short seller wrote a scathing article on APP.
It has way more debt than it can handle, trades at an insane forward multiple, and has selective revenue recognition skewing revenue forward (as it uses contract signed as opposed to order fulfilled to recognize revenue, artificially pulling forward cash by 2 quarters at a time).
In addition, it’s a fantastic candidate to raise capital by a share offering give how it’s tripled in price this year.
