Lenovo Top Zone to Reverse from Long to Short

Sell Lenovo: Profit Is an Illusion, Liabilities Are Rising and There Is Little Real Equity Value

Sell Lenovo: Talking Growth, Delivering Little

Lenovo (992 HK) Sell. *Catalyst* Pending Equity Dilution. 51% Downside

Lenovo: No Turn Around in Sight. The Risk of Failure Is Too High - Fair Value HK$2.87 (31)%, SELL

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

Trumps tariffs
Trump’s round-three tariffs target tech. Specifically, Desktops/servers (8471), PCBs, computer parts (8473) and Network equipment (8517), see <a href="https://ustr.gov/issue-areas/enforcement/section-301-investigations/search" target="_blank">United States Trade Representitive - Section 301</a>.
It will not matter that much to many of the American tech companies - increasing the price of a PCB should not make much difference to the sales price of an iPhone. Most of the final sales price comes from design and software etc., which takes place outside China...

Trumps tariffs
Trump’s round-three tariffs target tech. Specifically, Desktops/servers (8471), PCBs, computer parts (8473) and Network equipment (8517), see United States Trade Representitive - Section 301.
It will not matter that much to many of the American tech companies - increasing the price of a PCB should not make much difference to the sales price of an iPhone. Most of the final sales price comes from design and software etc., which takes place outside China...

Sell Lenovo: Round Three Tariffs Will Hurt. Rising Risk of Capital Raising