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Tangoe (TNGO -6.2%) has dived in afternoon trading thanks to a bearish report from The Street...

Tangoe (TNGO -6.2%) has dived in afternoon trading thanks to a bearish report from The Street Sweeper. The site questions an "acquisition-driven growth strategy" that has helped the company meet estimates; notes Tangoe's CEO and CFO were targeted in a class-action suit related to accounting issues at a former employer; and criticizes the company's internal controls.
Comments (3)
  • johnson1143
    , contributor
    Comment (1) | Send Message
     
    Great! Another piece of questionable internet research designed to set the algo traders off in a volume challenged market. That's teamwork! Let's let these players have their fun and then jump in for a nice pop!
    28 Aug 2012, 03:11 PM Reply Like
  • jigga
    , contributor
    Comments (2) | Send Message
     
    the report has been taken down... but i did get to read it before that...
    this was by far one of the worst one-sided short seller report i've ever read.. half of the press release/filings/research papers linked by this report don't even work... the comments and conclusions drawn from this Melissa (an editor from Street Sweeper) person made absolutely zero sense... For example, the article noted the old BDO audit scandal... what does this have to do with Tangoe??
    28 Aug 2012, 03:25 PM Reply Like
  • jigga
    , contributor
    Comments (2) | Send Message
     
    pure smear campaign... no legitimacy in this report AT ALL
    28 Aug 2012, 03:51 PM Reply Like
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