EXAM is trading near all-time highs supporting a $1.2 billion Enterprise Value while having a -$231 million Tangible Book Value. With recent intensive insider selling, $350 million in debt and only $9 million in cash, shareholders must fear a potential massive financing that could cut the share price in half.
A few glaring items jumped out immediately upon an initial examination of ExamWorks Group, Inc (EXAM) that prompted me to perform a full prognosis on what I project will be a fast and steady downhill slope for the company and its shareholders. There is a slightly different and more prolonged short thesis in play for ExamWorks than my previous two short recommendations that I wrote about on Seeking...
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