Q: Hello Team,
I saw and read with some apprehension the news as well as the questions asked by members and your answers earlier. Does it not justify the short seller's comments that were published about a few months ago and send GSY also in a tail spin? It had something to do with under reporting some automotive losses, if I remember correctly. In that case would you think it could even get worse and it may be time to take one's losses and leave a sinking ship?
Thanks,
Adel
I saw and read with some apprehension the news as well as the questions asked by members and your answers earlier. Does it not justify the short seller's comments that were published about a few months ago and send GSY also in a tail spin? It had something to do with under reporting some automotive losses, if I remember correctly. In that case would you think it could even get worse and it may be time to take one's losses and leave a sinking ship?
Thanks,
Adel
5i Research Answer:
Yes, the issue does appear to be focused on the auto space which was highlighted in the report....