BATON ROUGE, La., Oct. 26,
2017 /PRNewswire/ -- Prescience Point, a forensic research
firm, has published a new report on Cheetah Mobile (NYSE: CMCM), a
China-based developer of mobile
(iOS and Android) and PC applications with a market value in excess
of $1 billion. Prescience Point
conducted a 5-month long business and forensic accounting review,
encompassing a thorough scrub of public filings, Freedom of
Information Requests (FOIAs), conversations with several former
employees (including many former managers), engagement of several
private investigators, and an analysis of mobile data provided by
App Annie. Prescience Point
believes Cheetah Mobile is worth 80% lower than the current share
price, as the company faces a litany of near-term challenges.
Read our complete report at www.presci.us/Cheet
Prescience Point has a short position in Cheetah Mobile and
stands to benefit if its share price falls.
About Prescience Point
Prescience Point, LLC (www.presciencepoint.com) conducts
forensic financial research to uncover companies misleading or
defrauding investors. The firm's research process incorporates
partnering with leading hedge funds, private investigators,
accountants, lawyers and industry experts. Prescience Point is an
investor activist that communicates its findings to regulators,
shareholders, and other public constituents.
Prescience Investment Group, LLC is a member of the Financial
Industry Regulatory Authority, CRD number 152721.
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SOURCE Prescience Investment Group, LLC