Celadon Group: A Story That Ends At Chapter 11 - Seeking Alpha

04/05/17


Seeking Alpha

Celadon Group: A Story That Ends At Chapter 11
Seeking Alpha
We believe CGI overstated Q2'17 TBV and LTM profits by an estimated $219m through a series of off-balance sheet transactions (JV with Element, 19th Capital) and other improper accounting. Improper accounting has a terminal financial condition.

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