muddy waters research on german billboards operator Ströer

breaking news:

The short-side research house muddy waters has published a report about the german billboards operator Ströer here. As usual you have to agree their Terms of Service to download it.

In their report they say:

Well, it turns out that Ströer’s claimed digital organic growth rates are way off from what we can calculate. We see Digital organic growth rates of only 2.2% in 2014, and 2.5%

The Ströer stock reacted hefty to the report and is down 20 to 30% intraday.

Whether the accusations made are true or not – i like reading the reports of shortsellers because you can learn a lot about how to analyse a company.


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