https://seekingalpha.com/article/4058953-davids-sling-turning-boomerang-return-path-educational-development-fv-60-percent-lower?auth_param=a71m:1cds6kk:d280dac2a797ca3aab04152589972dbe&uprof=44
He's giving a price target 60% lower at $3.50.
Serious charges he's making here.
Anyone care to rebut them?
His summary points (note: SSKillz had already discussed the third point some weeks back at the Ihub Savvy Trades board):
• Terminally broken MLM business bleeding consultants at an already rapid rate that should worsen.
• Little to no liquidity remaining; existing leverage and a new banking relationship likely limit flexibility from traditional sources.
• Major execution risks as company undergoes a rip out of a failed IT system implementation and reverts back to an antiquated one.
• Accounting issues, controller resignation, potential restatements and CEO/management arguably posting insider info on message boards/social media.
• Equity fair value 60% lower at ~$3.50 on a probability-weighted basis, but could certainly prove to be worth much less.
Recent EDUC News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 09:21:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 08:00:30 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 08/22/2024 08:35:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:01:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 09:03:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 08:03:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/11/2024 08:00:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 04:55:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 08:49:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 12:01:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:48:14 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/28/2024 08:02:23 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 05/28/2024 08:00:56 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/21/2024 09:00:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:00:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:11:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:10:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:08:45 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:02:55 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:57:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:03:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:02:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:01:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 09:00:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/11/2024 10:01:09 PM
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