frankster read what BMO (Valeant's biggest bull) analyst said this morning and I quote "Our analysis of cash flow does not support Citron's Enron thesis, but we cannot refute the allegation either"
Is that the short thesis is confused now. When your caught off guard you go into denial to rationalize your position. AMBA has been pounded relentlessly on GPRO's misery. Although those concerns are valid, they are way over extended to the AMBA story.
I don't know what allergan product your injecting yourself with but its obviously got you dilusional
So if San Antonio PD ordered 2,200 body camera's, and Taser thinks it can grow to a $3Billion market this is yet to be factored into AMBA's consensus estimates. Body Cam's, Drones, Security Cams sounds like this is just getting started.
Why should I share my hours of reading, data mining and estimations with you? I'm making a statement to support what I believe. If you like AMBA you will have done your own Due diligence and agree or you don't and you can go short it from here. Lazy
AMBA, GPRO valuation based on forward guidance had floated up way into the atmosphere on a Cramer pump and dump. Cramer was saying buy into GPRO's secondary at $75!!! and AMBA was a buy at $110 I have said it over and over and put my money where my common sense is(short over 50PE), all these Tech one hit wonders IPO'd at the peak or near the peak of there business.