Jehoshaphat Research is Short
Universal Display Corp. (OLED)
We are fraud-busters. We force management teams to answer to their shareholders by exposing deceptive accounting and other improper corporate practices.
We use forensic accounting, fundamental analysis, big data, and topical expert resources to develop our short ideas.
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.
- 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
- 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”
- 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.See All of Our Reports
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At Jehoshaphat Research, forensic accountants, criminal investigators, journalists, lawyers, and investment professionals join together to learn from each other and uncover the truth.Explore Careers