Investment Research report

Camelot Information Systems

Previous Item
All Reports
Camelot Information Systems
Download Report
Camelot Information Systems
Download Report 2
Camelot Information Systems
Download Report 3
Camelot Information Systems
Download Report 4
Camelot Information Systems
Download Report 5
Camelot Information Systems
Download Report 6
Camelot Information Systems
Download Report 7

Research Overview

INDEX:
S&P 500
Sector:
Technology
Position:
Short
Date:
Aug 5, 2011

After conducting a forensic financial and accounting review, Spruce Point believes Camelot Information Systems (“CIS”), an enterprise application service, is showing signs of unusually high revenue per employee and abnormally low SG&A margins, has a lack of industry recognition from competitors, and has an odd management strategy all contributing to significant and material accounting weaknesses. Based on our investigation, we conclude CIS is a strong sell and believe a fair value for the share price to be $3.75.

Downloads & More

Research Assets & Releases

Press Releases

Nothing posted currently

Key Media Coverage

Broadcast Coverage

Nothing posted currently

Join The Mailing List

Spruce Point Alerts & Updates

See the other side of the Wall Street hype machine.