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TrakM8 - before we look forward lets just examine its historic lack of cash generated (Part 7)

By Tom Winnifrith | Sunday 24 January 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Paul Scott insists that I must ignore the series of historic lies, woeful lack of cash generation and the rest of the Red Flags at TrakM8 (TRAK) and look forward to the jam tomorrow. I shall do exactly that on Monday and show why that jam won't arrive. But Benjamin Graham tells us that historics are often a better guide to valuation than promises of jam tomorrow and in that vein I shall now demonstrate what an overhyped dog's dinner of a cash consumer this company is.


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