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.
Unsustainable business model. He went as far as saying the are "cooking the books". But not like Enron a house of cards but phoney sales gave it a false valuation like ITT use to do. I bet ol Ackman tought them that.
I don't know what allergan product your injecting yourself with but its obviously got you dilusional
When you hear guys like Jim Cramer say this is one of the "Scariest" single day drop he has seen in a stock, you should be worried. You get the feeling you wake up holding this stock and it goes to 0 as all the executives and board members go to jail
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"
Although the headlines are damaging and cooking the books looks probable, they do have legitimate product and services they are generating good cash flow from (Like JNJ). Biotechs racing to grow at 40% + causing greed just like the housing crisis did in 2008 with CDS. I'm not pro VRX, just saying it is not a 100% scam there is legit revenue and product. But way overvalued here.