“American Hustle” meets “The Wolf of Wall Street”
Citron Exposes the Fraud, Collusion, and Deception that brought Textura (NYSE:TXTR) to Wall Street
For anyone who is disgusted with the abuses of Wall Street — this story is for you. True value of the stock is less than $4 a share … AT BEST.
Wall Street has been sold on Textura Corp. (NYSE:TXTR) as a hot enterprise software company, rapidly consolidating the construction industry with a purported “SaaS” platform. Sound good?
The gap between fiction and reality couldn’t be any wider. Equity bubble for enterprise software SaaS stocks? Sure, but this one is so much worse…..
Jim Chanos is fond of defining the potential for short candidates as "Fads, Frauds, and Failures". Its rare that you find all three in one package.
Citron encourages all readers to scrutinize the supporting links and decide for yourself:
(As always, you download the PDF at this link, then right-click to open all the story links locally)