What are the odds that (especially) retail sector “debt reporting” practices like these are widespread, and the effective value of maaaaaaany companies isn’t as high as what the investors were lead to believe?
So weird! Never happened before
So I looked that up, and if Markopolos is really shilling now, what a shitty thing to do. That'd be like a climate scientist doing good work for two decades and then getting payed by Shell to claim they were simply wrong all that time.
Regardless, I eagerly await more high-profile instances of oil and gas companies failing to churn a profit.
I'm house hunting right now. I feel like I could save maybe $40,000 by waiting for the market to crash, but I'm donezo with apartments. And I wanna start building equity immediately.