Citron Research
@CitronResearch
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Citron Research | Since 2001, delivering bold market analysis & investment insights. Led by Andrew Left, empowering informed financial decisions worldwide.
Joined January 2011
Grateful for the opportunity to engage in an open and honest conversation with Andrew Ross Sorkin. A step forward in sharing the truth within the framework of our system. Transparency benefits everyone.
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Citron is no longer short $GME. It's not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult like shareholders. Despite Wedbush setting an $11 target today, we respect the.
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What made Keith Gill aka Kitty interesting initially was his authenticity. He shared a detailed investment thesis and put his money where his mouth was, which combined with a high short interest and a restless country and boom. investing history. This time it feels different.
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How did this one age? Nearly 4 years ago to the date, Citron was the first to tell readers that MicroStrategy was the ultimate way to invest in Bitcoin, setting a $700 target. Fast forward to today: $MSTR has skyrocketed to over $5,000 (adjusted). Kudos to Michael Saylor for.
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When Keith Gill testified during the $GME hearings, he stated, "My investment in GameStop and my posts on social media were entirely my own." Can he still say the same now? He also concluded with, "And what’s stunning is that, as far as I can tell, the market remains oblivious to.
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For the record, I don't think anything Kitty did was illegal. However, I believe he and his associates overstate their importance in the market and overlook that the market dynamics and structure of $GME have changed since January 2021. Back then, he bought the stock at $2 when.
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$CHWY $GME It seems pretty clear now: Keith Gill investing $200 mil in Chewy? Unlikely this is his own money. Even selling all his GameStop without paying taxes, it just doesn't add up. Remember, investing is always at your own risk. If you're looking for aggressive buys Warren.
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Small-cap quantum stocks are in a bubble, but $QUBT stands out as the most ridiculous. The numbers tell the story. R&D spending is THE critical indicator in this space: last quarter, $IONQ allocated $33M and $RGTI $12M, modest figures next to tech giants like Google. Yet $QUBT.
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$BABA Okay, one last victory lap before diving into new ideas—Citron has been ahead of the curve on Alibaba and Qwen for the past six months. But what’s even more critical (and still overlooked) is Qwen’s enterprise applications. China lags the U.S. by decades in business.
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There's too much negativity, hate, and unfounded promotion in stock commentary. Time to focus on something Citron and Ryan Cohen agree on: $BABA. An important piece of news that's being overlooked by the market is that Alibaba’s Hong Kong-listed shares could be ready for.
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Feeling compelled to address a political matter, I must express my concerns as a corporate fraud expert with over two decades of experience. The prosecution of Trump appears to be driven by political motives, which is detrimental to our nation. This perspective isn't rooted in a.
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6 years ago this week, Citron was penalized in a Hong Kong court for cautioning investors about Evergrande's looming insolvency. Despite fines, a tainted reputation, and a 5-year trading ban, we stand by our warning and defended our Evergrande analysis in many courts of law. We.
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$SAVA illustrates the difficulty in shorting stocks. Has been a clear fraud for years but almost became an impossible short because of the "new market forces". Nice to see some good homework by @MartinShkreli added with a dose of reality to achieve real price discovery.
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Citron pounding the table that $NBIS is poised to be the next AI Wall Street darling. A sleeper with no analyst coverage yet, the market hasn’t caught on to its massive potential—or its undervaluation vs. CoreWeave. If it trades at a 50% discount to Coreweave multiple that puts.
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Buying $RGTI based on Google’s quantum success is as misguided as believing every TikTok guitarist is the next Taylor Swift. When the hype fades, investors will recall $RGTI sold equity at $2 just two weeks ago, with more dilution to come rather than true quantum competitiveness.
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Citron Research has been an active participant on Twitter for over 12 years and continues to do so. We spend too much time dealing with class-action attorneys and trolls about previous tweets that we deleted them. No reason to pat ourselves on the back for many years of great.
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Buy me more $BABA as it has now become the most compelling name as underscored by today’s news with LVMH. While the market is going gaga over $PDD growth, just selling cheap shit to the masses (honestly just shit), the attention will soon go to $BABA which is becoming the.
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$GME. After 30 years in the markets and countless interviews, it's surreal to be questioned by the media to interpret memes from Roaring Kitty. This enigma is drawing more focus than even Buffett’s new confidential stock. In 2024, it appears we’re all just cogs in a wildly.
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Citron filed a petition for rulemaking with the SEC to protect freedom of speech for millions engaged in stock market conversations—activist shorts, technical longs, meme traders, all voices matter. We oppose pump & dumps and short and distorts but ask: What protects honest.
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Rarely does Citron take a victory lap, but congratulations to everyone who believed in $GEO. Citron first highlighted GEO in Sept. 2023 at $7.50 and provided frequent updates throughout the year. As Mr. Market catches up, the stock’s success is clear—now it’s time for GEO to.
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Alibaba ($BABA) gaining momentum should cruise past $100. They poised to emulate the success of Amazon ($AMZN) and Microsoft ($MSFT) in China. Investors recognizing their AI cloud prospects and strategic investments, with Qwen spearheading China's LLM. Insightful analysis by
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$TDOC – The Under-the-Radar AI Play. Teladoc just acquired Catapult Health, doubling down on preventive care + virtual health. The market still treats it like a pandemic relic, but it’s quietly turning into a cash-generating machine. While AI hype stocks trade at wild multiples,.
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The recent $COIN site malfunction makes the long Bitcoin/Short Coinbase trade one of the most compelling trades in the crypto market. This means going LONG bitcoin through an ETF and short the bloated Coinbase exchange.
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Disappointed by how mainstream media portrays short sellers. This weekends WSJ's "short seller attack" headline on the Icahn piece misses the mark. Why not call it an expose instead of an attack? Kudos to Hindenburg for their deep dive. When 60 Minutes investigates, is it an.
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Fourteen months back, Citron Research flagged GEO ($GEO) as a stock positioned to gain from the shifting border crisis and potential political changes. Over that time, we've kept the updates coming, and the stock has jumped 300%, even though earnings haven’t really budged. This.
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$BIDU should trade to $210. It remains the most underappreciated name in AI. Despite being the clear leader in AI in China, their stock is trading at a historically low multiple. The China slump WILL end. Citron recommends investors look at the work of Fawne Jiang at.
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Citron has remained disciplined in calling out shorts—reserving our voice for only the most asymmetric setups. Over the past three years, our largest short calls have been dead on. This isn’t about fraud or a failing company. It’s about a beloved consumer brand whose stock price.
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$GRRR 🚨 @SEC_Enforcement should halt trading in Gorilla Technologies. Citron doesn't invoke Rule 10b-5 lightly—Prohibits false or misleading statements or omissions of material facts that mislead investors. Their recent press releases tout a massive deal worth hundreds of.
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What the heck is going on with @jimcramer that being on the wrong side of a stock equates to your "funeral"? How many "funerals" would we have we had for Cramer? This new go-to term makes him sound amateurish and angry. Not a good look.
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$GEO has updated the NAV of their assets to over $45 a share. In a move that has gone mostly unnoticed by Wall St in their latest investor presentation. As stated by management, “ Based on increased construction and development costs, we believe that our company-owned.
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Funny Muddy Waters comment. I Spent all of 2020 watching GSX going higher asking "who is buying this shit??" Who does a short seller complain to when he was defrauded? Justice served.
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$DUOL. Just Ask ChatGPT:.Want to learn English or Spanish? Just ask ChatGPT:.“Can you replicate a Duolingo class?”.What you’ll get is faster, personalized, and free. No ads, no hearts, no mascot guilt trips. ChatGPT remembers your mistakes, adapts to your style, and improves.
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$BIDU Citron maintains $200 tgt. South China Morning Post reporting as the if the deal is DONE with $AAPL. Last month Citron called $BIDU the most underappreciated name in AI. Since then risk/reward has become more asymmetrical In past 2 weeks XI has.
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OMG. Jumia $JMIA just put up one of the most impressive quarters EVER. Revenue up 28% while operating loss down over 100% (constant currency). EBIDTA loss down 99%. The Jumia brand has become so strong that they grew revenues while eliminating unprofitable categories and.
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While we have had our share of dogs, it is good to update a success story and put it in perspective 5 months after mention. In July of this year while $RGTI was trading near $1, Citron suggested the stock saying it will be an ultimate beneficiary of a quantum computing hype. 5.
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$GEO $20-$30. What stands out most from the Senate bill is the almost $1.3 BIL increase in funding to ATD, of which over 90% goes to $GEO. At over 55% gross margin for ATD game changer. More importantly, it shows validation for the program established and maintained by $GEO.
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$GEO Market appreciates the presentation put out yesterday that shows the NAV of the company of over $29 a share. Once $GEO refinances. boom, even without extended ISAP funding
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$BIDU In a post Evergrande world, Citron is frequently asked where we would invest in China. $BIDU presents a generational buying opportunity. How does the leader in China AI get to these levels?? The last 4 years has been a disaster for the Chinese economy no doubt Despite 17x.
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$DUOL fantasy crumbles. “Duolingo Max” runs on GPT-4 — but those token costs already crushed margins by 300bps before real competition. Now $GOOGL enters. $DUOL will be forced to buy even more tokens — at worse terms. COGS up. Margins down. Wall Street’s “scalable” model was a.
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Consider this if $JMIA traded at 5x sales comped to $Meli, it puts $JMIA at $15. More importantly, Africa is an underpenetrated and faster growing region than Brazil. Nigeria and Kenya only has brighter days in future with new government dedicated to tech and ecom and Jumia IS.
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$TDOC got solid feedback on yesterday’s post. Look at $DOCS today—digital tools fueling the telemedicine boom. Read their report: Teladoc is THE leader in telemedicine, but its valuation is stunted by acquisition write-downs. AI + Healthcare = huge upside.
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$GEO The Geo Group is poised to benefit from the current migration challenges, given its leadership in the Alternative to Detention sector. Smartlink solutions for eligible migrants are humane and economically viable. $180 a day to detain $8 a day to monitor. Expect enrollment.
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$GEO Breaking: Yesterday House approved H.R. 4367. This is how the stock goes over $25. The bill proposes . “Ensure that every alien on the non-detained docket is enrolled in the Alternative to Detention Program with mandatory GPS monitoring thought the duration of all.
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This is a slow moving Chegg .The stock is trading at unsustainable levels. Such rich multiples imply investors are pricing in aggressive growth and flawless execution. Duolingo (NASDAQ: DUOL) trades at ~15x forward sales and over 40x FY2026 EBITDA — valuations you'd expect from.
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"$GEO should be trading at over $20 today! Most alarming headline this year.Front page of the NYPOST: 'DHS identifies 400 migrants smuggled into US by ISIS-affiliated network.'. Over 400 migrants crossed the southern border and were released by Customs and Border Protection.
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$GEO to $20- BINGO. This is what shareholders were looking for . Yesterday, Homeland Security Sec Mayorkas addressed border needs in a press conference. Pay attention to the 7:20 mark where he emphasizes the need for more transportation funding, resources for detention beds, and.
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$TSLA If Elon Musk deserves $47 bil for a job well done and the Musk premium on the stock. than which high profile CEO deserves to give back his G550, Yacht, and egrigous pay package for being the worst CEO of the past 10 years? If this CEO stepped down his stock would be up.
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$DUOL- Credit where Credit is Do!.Duolingo the company has done a fantastic job building an interactive app that grew far beyond what any skeptic expected. Their app and use of TikTok have driven user growth we’ve never seen before in ed-tech. Kudos. That’s the good news. The bad.
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$GEO now seems to be the direct beneficiary of a Trump OR a Harris presidency. The New ICE statistics just cannot be ignored. Amazing that Chat GPT is ahead of the markets on this one.
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$GEO Citron buying more stock. OIG reports “DHS Does Not Have Assurance That All Migrants Can be Located Once Released into the United States”. Backlog for immigration hearings now at 3 mil and ICE does not know where many of these migrants are going because they do not have.
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$GEO maintain $30 tgt Today's Biden asylum changes are an unexpected new positive. We can expect more detention and further use of ISAP programs. We still believe mkt is underappreciating the ATD monopoly by $GEO. Regardless of the next administration,.
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Sometimes a thesis takes longer to unfold than expected. It was 9 years ago this week that CItron issued a warning about the abusive powers of the PBM. About time we rein in this abuse of power, cannot believe it took this long.
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$DUOL. There is such a long way down in this ed tech name. Citron expects to be the first of many direct AI competitors from real competition
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$INVZ - Motley Fool just named it "The best AI company you've never heard of" Citron could not agree more. 📈 If earnings hint at a new production win this week, watch out! Top-notch management & genuine technology validated by biggest names in auto make it an asymmetrical.
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This is just the tip of the iceberg on this one.
Problems at Gorilla Technology Group (GRRR). Gorilla Technology Group (NASDAQ: $GRRR — $774 million) describes itself as “a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and Internet of Things technology.”. The company trades
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$GEO To the Rescue. What is often overlooked is GEO transport subsidiary GEO Transport, which provides armed, secure transportation to ICE. Look at their footprint for transport along the Texas Border. Whether migrants are tracked, detained, or transported- $GEO gets paid
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$GEO financials look SOLID. Despite the admin attempt to limit funding to the border and detention, $GEO delivers. The conference call will be everything here as shareholders will hear management's thoughts on increased ATD funding and the competitive landscape. The stock.
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$GEO The crowd at Davos has already anointed Trump as our next President. Like it or not, the US will return to a country of law and order with borders. The market has discounted this headline that we last saw 7 years ago. "Trump's First Year Has Been the Private Prisons.
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$DUOL Citron will stay on top of the name and put out more info as needed but as the company trades at a higher multiple than $DDOG or $SNOW its future is obvious. Good product (for now) shit stock.
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"In 1920, a potential eye disease was enough to send my 10-year-old grandma back to Russia at Ellis Island. Now, a century later, the border policy pendulum has swung wildly the other way. The recent House report on the border crisis is ALARMING and demands immediate, robust.
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GEO Group ($GEO) Can Hit All-time Highs from the House’s Homeland Security Budget…….Even if Not Passed !!. Everyone is Discussing the Migrant Problem- One public company is part of the Migrant Solution. While GEO group is most known as the private prison company, it is less.
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"$GEO could see a resurgence to $20, given the pressing need for law and order in our cities, currently burdened with significant crime and migrant issues Amazing the Gov seems more focused on probing $AAPL and $GOOG—companies that have been instrumental in enriching our lives.
@zerohedge @CitronResearch Biden doing the easy work for $GEO.
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$GRMN Negative. While the street is buzzing about $AAPL's new AI integration, the real loser from their developer conference seems to be $GRMN. Despite $GRMN trading at historically high multiples, its core fitness products just took a hit. With the new Apple Watch OS11 making.
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Amazed at the Jumia transformation. Stock can easily trade up to $10+ on just the optionality of owning a company that does not burn cash that owns the mindshare, logistics, payments, of billions of underserved people. That is why Starlink partnered with Jumia. the obviously.
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$GEO. This video is breathtaking, scary, and overwhelming to DHS. Whether the migrants get detained or tracked, more funding WILL go to the borders to properly deal with this issue. The US will need more prisons, detention centers, and tracking technology. GEO $20 in 2024.
BREAKING: Video from a contact on the ground in Eagle Pass, TX right now shows a mass of thousands of migrants waiting to be processed by Border Patrol after they crossed illegally today. I’ve spent hundreds of days there over the last 2+ years and I’ve never seen it like this.
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$GEO Sidoti out with a $15 tgt. Key line to focus on in research that could take stock over $20. is " We estimate there are 4-4.5 million of such immigrants in the U.S. Although excluded from our model, approval of funding for millions of ATD participants would have an outsized.
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Citron is receiving inquiries from media outlets regarding our stance on Evergrande Chairman Hu Ka Yan being under police surveillance for alleged financial fraud – the very issue we unsuccessfully cautioned about and defended in a Hong Kong court. Our stance? It's a clear NO.
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$GEO should have no problem going back to $15 once investors realize the "tracking migrant" crisis for homeland security has only 1 congressional-approved technology solution. and it's not $MSFT."More Migrants on Terrorism Watch List Crossed U.S. Border.The numbers are a.
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$GEO's investment appeal grows daily, albeit for troubling reasons. The Laken Riley tragedy underscores the unsustainability of the current catch-and-release approach, signaling a likely return to stricter immigration enforcement. This shift could necessitate the expanded use of.
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$GEO. Rep Escobar from Texas understands the solution best. This is when your investment receives support from Rep and Dems. Alternative to Detention works and is being recognized by the policy makers. This is how $GEO gets to $25.
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$GEO solution monopoly on immigrant monitoring. When Biden admin opens eyes, stock could go to $20.
There were more than 2.4 million apprehensions for FY 23. And, there are more "gotaways" than ever. ~1.6 million known gotaways at the Southern Border since Biden took office.
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$INVZ JP Morgan gets it best with $13 tgt. We expect a new big win by CES in January.
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$GRMN could potentially revert to $100 within the next 12 months. The company may face challenges as the latest Apple Watch updates diminish its competitive edge. While Garmin will retain a dedicated enthusiast base, numerous reviews of the Apple Watch update suggest that Apple
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Musk posts this today. all signs point to $VPG being an important part of the Optimus project.
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$GEO Never spoken to Michael Burry but assume his long thesis is similar to Citron. This is a non ESG business that happens to he highly profitable with a tremendous MOAT. Not sexy but serves a purpose. Consider Mass and NY both have the right to shelter law, and now NY is.
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$GEO thoughtful article on SA puts a price target of minimum of $23 based on multiple expansion. Depsite proscpects never being better and cash flow consistent, the ESG mafia has pushed this to all time low multiple. This remains the best idea the market is not giving propert
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Being asked about Hunterbrook. While I admire the fire in Sam Koppleman’s belly, he should be reminded that he did not invent activist short-selling. Citron was started when he was in Kindergarten and had over 150 stories written before he even finished high school. Citron.
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So $MSFT swtiched from $AKAM to $EGIO claiming that $EGIO has better tools, pricing, and support. And why is this stock not $60 today?? This is taken fro Copilot
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Hate to disagree with @HedgeyeRetail but can't imagine $RH trading to $1,000 without being acquired first. The list is long, but LVMH seems like an obvious suitor who will let Gary follow through with the vision. $RH is so far in front of any competition for scaled taste. If.
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$geo Deal reporter speculating that new UBS 5 mil share position in GEO could be activist . Subscribe for more details to dealreporter. Could big UBS stake in GEO indicate activist interest?. Some curious stock purchases in private prison operator GEO Group [NYSE:GEO] have us.
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One our our favorite interviews on CNBC. Five years ago, Citron called $INGN overvalued at $170. Wapner asked if bulls were 'drinking Kool-Aid.'? Turns out, they were—INGN now sits at $5. But let's look deeper: with a solid cash position, the business is essentially free. Under.
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$INVZ this is a CEO who would every excuse to back down on his guidance because of the war in Israel. Instead, he stands behind his team, his technology and most of all his customers who have over $5 Billion in committed contracts. Yes that number "is real". Meanwhile stock.
To give some perspective to level of effort that the team is now doing among the other activities, in the next 5 weeks we have 5 audits by different customers, on Quality, Software, Industrialization and more. Kudos for the teams at @InnovizLiDAR for pushing forward $INVZ.
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$geo CBP report scary This is how the stock gets to 25 Gov embracing technology and smart-link is a natural extension of one app. Homeland security issue Must track or detain Either way $geo wins.
NEW: CBP reports 240,988 migrant encounters at the southern border during the month of October, making it the highest October ever recorded. CBP also reports 13 Border Patrol arrests of people on the FBI terror watchlist in October. 12 southern border .1 northern border. The.
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$DUOL. Max is a Mirage:.Duolingo’s GPT-tier “Max” is used by just 0.4% of users. Even their own bull case only projects 2.5% penetration by 2029. That’s not monetization — that’s wishful thinking. And the moat? Already gone. Ask ChatGPT:.“Can you replicate a lesson like.
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$GEO quarter as expected, but the commentary shows the company is ready to go as soon as the government gets off its ass and deals with the migrant crisis. ISAP (ATD) registrations are flat because “U.S. Immigration and Customs Enforcement (“ICE”) continues to face budgetary.
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$GEO, the bull case to $15-20 continues to get stronger. Now, Australia is adopting an Alternative to Detention model for migrants. $GEO still trades at a discount to Core Civic despite the tech platform which is higher margin and has a moat.
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$GEO. Tracking Migrants is of most importance to homeland security and becomes more evident every day. $GEO has a monopoly on ATD when funding increases. boom. This is a when and not if. An article from the border today addresses a nonpartisan OIG report from this year that.
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On March 11, Citron said look at shares of $GOGO on the long side when no one was paying attention. While not every trade hits, this one soared. Solid setup, ignored by the market—exactly the kind we love. Congrats to those who saw what Wall Street missed.
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The most under appreciated part of $GEO is the ICE RFI that proposes expanding the ATD program to ENTIRE "non detained docket. This is a non partisan proposal that while not imminent could put $GEO at $40.
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3 years ago this month $WISH went public, same time $GME started to percolate. $WISH is down 98%. should have shorted that instead. oh well. What now??.
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Which public company boasts a P/E of 7 and holds the key to one of the most impactful solutions for the migrant crisis? With Congressional funding approved and support from both parties?.
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$ETSY Earlier this year, Citron flagged counterfeiting concerns on $ETSY, leading to a 50% stock dip. Thrilled to share that latest reviews highlight $ETSY's efforts to combat this. While challenges remain, major luxury brands are notably safer now.
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