Our Research

Chicago Bridge & Iron | CBI | June 17, 2014
Prescience Point is releasing a new report on Chigago Bridge & Iron (NYSE: CBI). The report reveals how the company has used creative acquisition accounting to conceal losses, resulting in GAAP financial statements divorced from its economic realities. Management has misled shareholders and analysts into believing that nothing is.
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LKQ CORP | LKQ | JAN 15, 2014
Prescience Point is pleased to release its latest report on LKQ Corp (Nasdaq: LKQ). The 122 page report outlines extensive research into the companies financial reports and we believe the following: LKQ is an ineffective roll-up, they are caught in a massive margin squeeze, problems with their new growth.
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FLEETMATICS, INC. | FLTX | SEPT 19, 2013
We believe shares of Fleetmatics Group PLC (“the company”, or “FLTX”) are grossly overvalued, reflecting few, if any, of the serious risks that warrant questioning the credibility of the company’s financial statements. In this report, we discuss the company’s use of various accounting shenanigans that inflate profitability, the material.
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INNERWORKINGS, INC. | INWK | APRIL 30, 2013
We believe shares of InnerWorkings, Inc. (Nasdaq: INWK or “IW”) are grossly overvalued and poised to collapse by as much as 55%. We believe the company is inflating its revenues in violation of GAAP principles by misapplying gross revenue accounting, placing it in violation of its credit.
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