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TrakM8 - now lets look at another acquisition and another er...lie

Tom Winnifrith
Thursday 21 January 2016

The real reason that shares in TrakM8 (TRAK) are going to crash is that whatever bull it spouts about earnings and profits it simply does not generate any meaningful free cashflow as I demonstrated yesterday HERE as I also showed what a duff deal the Monkey purchase was. But in order to give the impression of growth, companies like this always have to do lots of acqusitions so now let us look at the purchase of DCS Systems announced - with another lie - on 16th June 2015 about a month before directors dumped 1.22 million shares at just 157p.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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