I don't know how you feel about TMF, but today Sean Williams said that "Cirrus remains an intriguing and strong value play."
Sentiment: Strong Buy
Problem there is value investors wouldn't touch this stock. No underlying real assets, a 90% customer and that in an industry known for vaporizing a slew of companies every couple of years.
I think TMF is worthless, you have one of their guys touting Cirrus and another that tears it down. That way they are always right. Kind of like a weather man stating we have 50% chance of rain today.
What you say is true, however, they have also made some accurate calls.