Thursday, June 18, 2020

Wirecard Flashback II: Stand By Your Man (and bury the analysts in their own exkrement)

Paul Murphy is editor of FT Investigations.
Prior to this gig he was founder and  editor of FT Alphaville.
Before that he wrote about stocks and businesses at The Guardian.
From time to time he stops by FT Alphaville and does some scribing or visits with his former playmate in the mosh pit that was Markets Live, Bryce Elder.

Here's one of his Alphaville posts, published in February 2019, three weeks after Dan McCrum wrote about Wirecard and was subsequently accused of being in the employ of short-sellers and a month before Mr. McCrum and the FT were sued for, among other things, exposing business secrets (not kidding):
"Mensch! Dan McCrum is innocent, ok?"

In March 2019 Mr. Murphy again visited da 'ville and, well, follow the link:
Duuude, This Paul Murphy Fellow Is Taking No Prisoners
From FT Alphaville:
Yeah, we're just capturing this snapshot so it sits on the internet. Forever.
Wirecard stock was quoted at €123.30 at pixel. Here are the sell-side names + target prices, where applicable. H/T Bloomberg...MORE
Memorialized and immortalized.

Fun fact: Mr. Murphy chose as the spot for his vacation home the only country with an AK-47 on the national flag:
File:Flag of Mozambique.svg

Yesterday:
Wirecard's obfuscation

Like Mr. Murphy, we too eschew obsfucation.
So far today:
Wirecard Flashback: "Dan McCrum Did Not Call The Germans Jackbooted Thugs"
German Payments Group: "Wirecard says €1.9bn of cash is missing"