Against the odds: DSV, Mærsk, DP-DHL & Kuehne – catching falling knives
Are your fingers safe?
The Sydney Morning Herald writes:
Local technology unicorn WiseTech Global has hit back against another short-seller attack which has cast doubts on whether the host of acquisitions made by the $10 billion logistics software maker has added any real value to the company.
Analysis by short seller Viceroy Research obtained by The Age and The Sydney Morning Herald reveals of the 37 listed acquisitions made by WiseTech over the past four years, many are from distressed sales or bankrupt companies with revenues falling post-acquisition.
Viceroy claims WiseTech created ...