Telit Communications - Re: TCM Stream Log - the facts Paul mentioned in...

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Re: TCM Stream Log
13:49 06/11/2015
LuxInvest
0 replies 0 0

the facts Paul mentioned in his article are a well known practice, although I agree with his calculations on real profit by looking at cash flows. However, this did not matter to investors in the run up to 350 in the last couple of years. Furthermore, the Globo fiasco is totally unrelated in my humble opinion. The board has some heavyweights and the CEO is a major holder, so I would be highly surprised if we see the same accounting malpractices here!

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