Replies to post #6088 on Cemtrex Inc (CETX)

[John Bates]

My thoughts are that if the company wanted to engage in accounting fraud, they would have done a much better job of it than they did. Rob Group started out pretty well for a quarter or two, but then languished for over a year at 30-40% less revenue for over a year. Earnings on an operational basis dropped to the 5-6 cents per quarter level from around twice that.
These weren't outlandish reports "too good to be true".

Also, the notion that all of the companies they acquired were failures just isn't true. AIS had several excellent earnings reports prior to the acquisition and has a long history as a solid company. Periscope has also been around for decades. While its business had slumped lately, redirection to the automotive electronics market led to contracts with a primary supplier to the Big3 luxury car makers in Germany. They were able to due this do to being an established company in the business.

[deckheight]

"confirmation bias"...

I suggest you analyze both companies 10-K's and annual reports for the time frame(s) you are questioning.

Or remain focused on information contained within an obvious hit piece from a lying pos short seller.

Good luck.