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Muddy Waters is short Eurofins Scientific, alleging potential malfeasance due to a controlling shareholder siphoning money for years. The company's financials are criticized for possible overstatements of profits, cash, and assets. Market reactions include a significant drop in Eurofins' stock price.
$ERFSF -19% in Paris trading after @muddywatersre short report overnight: Eurofins: Optimized for Malfeasance (ERF.FP) -Muddy Waters is short Eurofins Scientific SE because the confusion and contradictions inherent in its financials and operations cause us to believe that it is…
Given the torrid time that @EYnews had after @Wirecard, where its audit procedure was majorly flawed, failing to appropriately check the cash balance, @Deloitte may wish to provide some greater scrutiny to Eurofins $ERF.FP. 🔍 💶 👇🏻 https://t.co/7ZGAFczHRt
Tough day for Eurofins $ERF, as Muddy Waters @muddywatersre is out with a new big short report on the company. Eurofins has long polarized the market, with supporters applauding the company's (inorganic) growth strategy and critics flagging the weird accounting (mainly of… https://t.co/SNQVYhTUlu https://t.co/BeheF2fJy0