View as an RSS Feed
Quindell PLC: A Country Club Built On Quicksand
- 42%-80% of Quindell’s profits are suspect, as we are unable to reconcile the whole with the sum of the parts.
- Quindell was little more than a country club until 2008/2009, yet QPP somehow began reporting Microsoft/Google-esque profit margins in 2010/2011.
- 10+ acquisitions lack economic substance. Several of the acquired companies are little more than paper companies.
- 26%-43% of Quindell’s 2009 and 2010 revenues came from ClickUs4.com, a subsidiary owned by CEO Robert Terry.
- 41% of Quindell’s 2011 revenues came from an undisclosed related party (controlled by a QPP executive).
- Blucora (i.e. Infospace): Worse Than Blinkx Plc And Babylon Ltd.
- The Tile Shop: Like Crazy Eddie's, But With An Undisclosed Related Party And A Chinese Twist
- Ebix: New Problems Emerge In Singapore, Sweden And India
- Ebix Worth No More Than $8, Likely Headed To $0
- Ebix: All Distraction, No Clarity
- The Truth About Robin Raina's Ebix: Part I