Citron Research follow up piece on Textura Corp (NYSE:TXTR)
Citron goes deeper in exposing the dirty dealings of TXTR CEO Patrick Allin. There is NOTHING an analyst can say here except Mea Culpa. Citron debunks all analyst defenses and reaffirms $4 price target
Citron exposes the devastating truth of CEO Patrick Allin’s biography — and documents why it is Highly Material to All Potential and Actual Textura Investors
Right now, Textura(NYSE:TXTR) is nothing more than a bundle of promises that rest on the shoulders of leadership’s credibility. Operational results to date, stretching over 10 years, have blazed a trail of massive, uninterrupted and escalating losses. From the company’s scant accomplishments, there is literally nothing here to invest in. Financials tell the story of a company that has no future, insolvent if it hadn’t IPO’d; yet Wall Street asks us to believe in management’s integrity and ability to execute. The CEO omitted critical details from the same filings where he sold personal stock…. And now, you won’t believe how a Real Wolf of Wall Street shows up in this story.