May
04
MDC Execs: Negative Report About Us 'Filled with Inaccuracies'
Posted in: Uncategorized
MDC Partners during its earnings call took the opportunity to address a report that came out late last week by Gotham City Research short seller Daniel Yu. The company called the claims inaccurate and preposterous, among other things.
The report — 40 pages long and called “MDC Partners: Like Valeant Pharmaceuticals, But with Understated Debts” — makes a variety of claims about MDC and questions its integrity. It brings up lack of innovation, an issue with senior talent retention, problems with copyright infringement and multiple financial issues. Among the charges:
“At least 42%-53% of reported profits are suspect”
Post a Comment