Director | Exposing Creative Accounting, Bucephalus Research Partnership

Robert Medd

Director | Exposing Creative Accounting

Exposing Creative Accounting

Bucephalus Research Partnership

Bucephalus Research Partnership Limited. Exposing Creative Accounting.

At the Bucephalus Research Partnership (BRP) we analyse financial statements using our accountant's practical experience and our own quantitative algorithms for corporate governance, accounting risk and peer performance.

Our thematic research refines our unique algorithms while our single stock research focuses on examples where we discover a significant gap between published accounts and business reality.

​Bucephalus Research Partnership:
- Is an independent fee-based research service
- Does not take proprietary positions, long or short
- Does not solicit business or fees from the corporates we review

Forensic Accounting

<p>For those with a fiduciary duty, we think <a href="https://www.smartkarma.com/entities/179" target="_blank" data-smartkarma-citation="entities:179:1">Baidu Inc (ADR) (BIDU US)</a>  offers a potential nightmare.  It seems that the ADS shares are effectively phantom stock; offering no votes, no shareholder meetings, no dividends, no legal redress and little or no board representation.</p>

For those with a fiduciary duty, we think Baidu Inc (ADR) (BIDU US)  offers a potential nightmare.  It seems that the ADS shares are effectively phantom stock; offering no votes, no shareholder meetings, no dividends, no legal redress and little or no board representation.

Sell/Avoid Baidu: A Fiduciary Nightmare, Adopting Global Worst Practice