Forensic, Research

Time to UnPLUG and Read the Footnotes

Dan Mahoney, CFA, CPA, Executive Director of Forensic Research
01 January 1970

Summary

We are adding PLUG to our Biggest Concerns List based on 1) rising days sales in receivables coupled with declining days sales in deferred revenues, 2) reliance on sale/leaseback transactions to generate profit, 3) negative free cash flow, and 4) governance concerns including insider selling, executive compensation changes, and discrepancies in SEC filings.


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