Jehoshaphat Research is Short
Universal Display Corp. (OLED)
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We are fraud-busters. We force management teams to answer to their shareholders by exposing deceptive accounting and other improper corporate practices.
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We use forensic accounting, fundamental analysis, big data, and topical expert resources to develop our short ideas.

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Our research has been recognized by the investor community and regulatory bodies. Our reports have preceded numerous corporate financial restatements, filing delays, management and Board resignations, and shareholder lawsuits.
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- Restated financials for multiple years due to material errors in reporting
- Failed to file quarterly and annual reports on time due to emerging accounting problems
- Received Nasdaq delisting notification as stock price remained below $1.00
AHCO
- Dramatically expanded its organic growth disclosures in its first quarterly filing following our research report, clarifying that negative organic growth was occurring
- Chief Accounting Officer resigned
- Prominent Board member resigned
- Shareholder lawsuit alleging securities fraud allowed to proceed as judge stated “AdaptHealth did not explain that this [organic revenue growth reporting] was a change from its prior revenue reporting”
ARRY
- Failed to file annual report on time due to accounting problems
- Founder resigned from Board
- COO resigned
- Financial restatement included acknowledgment of having improperly capitalized costs that should have been expensed as incurred
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We invest months and sometimes years uncovering corporations’ financial misdeeds. This includes in-depth reviews both of what companies publish and what is obscured.
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