FalconStor (NASDAQ:FALC) is a name that I have been bearish on for quite some time, as I have believed that its core business is undergoing intense secular headwinds. The company's financial position continues to deteriorate, the business seems irreparable, and the take-over thesis has apparently completely dissipated as the company announced in its report that it has terminated its relationship with Wells Fargo (NYSE:WFC). Further, it appears that management misled investors with respect to a potential lawsuit that it appeared to have intended to file against the estate of former CEO ReiJane Huai. The report, as well as the earnings call, were complete disasters and I see little hope for this name going forward.
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|