Disclosure: The author has a short position in one or more of the shares mentioned. 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.
Globo (GBO) sought to reassure investors’ nerves last week with an upbeat announcement showing revenues for the nine months to September up 58% from the comparable period last year to Euro 50 million. It revealed that it generated free cash flow of Euro 400,000 and said that this was set to grow as its Enterprise business grew, attracting faster paying customers. So why do I stay short?
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