Actionable news
0
All posts from Actionable news
Actionable news in TDG: TRANSDIGM GROUP INCORPORATED,

Citron Research calls TransDigm 'Valeant of the aerospace industry,' shares plummet

Shares of TransDigm shed as much as 13 percent Friday after Andrew Left's Citron Research released a report accusing it of price gouging.

Citron compared the TransDigm's business model to that of Valeant Pharmaceuticals, which the firm previously called the "pharmaceutical Enron." Citron said TransDigm "acquires airplane parts companies (over 50 in total), fires employees, and egregiously raises prices." Citron's executive...


More