Alliance Data Systems: If You Don’t Like the Answer, Just Change the Question!


Citron Target on Alliance Data Systems Corp is
50% Near-Term Downside


This month Citron Research celebrates its 15th year of publication — exposing, for lack of a better term, “market inefficiencies”.

This neutral-sounding moniker is occasionally an accident … but rarely.  Most often it exploits the shallowness of Wall Street’s “insight” with management’s intentional hype, misdirection or just plain fraud.  It has become too profitable taking advantage of a bullish market environment to ever let the truth get in the way of a good story.

And then comes Citron Research

In the Case of Alliance Data Systems (NYSE:ADS), Wall Street is just now waking up to the misrepresentations that have been promulgated by ADS management.  At best, this is a mis-categorized company which should immediately be priced 40% lower.  At worst management is covering up a business that has an entirely different risk profile … and is one big credit event from derailing into a devastating downward spiral.

For the rest of the story you won’t read anywhere else, Click Here …