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Monday, April 29, 2013

Kerrisdale Capital's Short Thesis onSourcefirce (FIRE)

Kerrisdale Capital is out with their latest short thesis, this one focusing on Sourcefire (FIRE).  Based on their DCF work they think its worth $17 - $26 versus a recent price of $51 or 60% below market.  They do a good job walking through their thesis and the various "red flags" they have identified.


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