Latest Reports

NBIX: The Tiger’s Stripes


We are short Neurocrine Biosciences (NASDAQ: NBIX).  We see distinct risks that the company’s sales growth is fueled by the same type of kickback scheme that recently devastated Avanir Pharmaceuticals. Read More

VSLR: Fiddler on the Roof


Vivint appears to have largely concealed a growing pattern of undisclosed lawsuits alleging the company has engaged in a nationwide fraud involving forged customer contracts.  The lawsuits specifically allege that Vivint has forged the signatures of homeowners, complete strangers, relatives, neighbors, and even a dead person onto sham solar contracts.  Court documents suggest Vivint’s corporate office even has spreadsheets keeping track of the fraud allegations via an internal system. Read More

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