Should Investors Duck This “Goose?”

We are concerned about rising franchise receivables, a potential high reliance on home sales activity for new business, rising stock compensation expenses, and increasing prepaid / other assets. Valuation metrics could be dramatically understated due to a 48% minority interest in its main unit. There are concerns about corporate governance and financial reporting as well. As a result, we are adding Goosehead to our Biggest Concerns list.