A little bit of our own auditing
Last week George Hadjia wrote an insightful piece that detailed Sports Direct’s difficulties when it comes to retaining and recruiting an auditor and reiterated our short thesis on the company’s stock. You can read it here. This week I want to go a little deeper into an accounting ‘misperception’ that contributes to the short thesis. Over […]
Netflix’s moment of truth
Last week, Netflix reported that U.S. subscribers in 2Q19 declined for the first time in nearly a decade, erasing over $20 billion in market capitalisation as investors fretted over the looming “streaming wars”. The company’s dominant position in programmed video streaming will soon be tested by the launch of streaming services from Disney, NBCUniversal and […]
