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Slide function

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The slide uses a specific legal case (2017 粤 01 民终 18443 号) to contradict claims of asset disposal.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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Contains legal/financial evidence regarding lease payments and potential related party transactions.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses a regulatory standard (ASC 850) as a benchmark to expose a failure in the company's reporting.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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This is a forensic accounting analysis arguing that a business disposal was a sham transaction.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses a financial table to support a forensic accounting argument about a specific transaction (GZ 1-1).TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses a quote from the CFO to contrast with the lack of evidence in financial statements, serving as a forensic accounting critique.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses forensic accounting analysis to challenge the veracity of corporate financial disclosures.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses a series of logical arguments to challenge the validity of a corporate transaction.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses investigative research to challenge the legitimacy of a related party transaction.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses a screenshot of a job posting as primary evidence to expose a contradiction regarding corporate independence.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses a screenshot of a job posting as primary evidence to refute a claim of business disposal.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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Includes footnotes 126, 127, 128 explaining the corporate naming history and the source of the job posting.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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Includes a company profile for Guangzhou Shujia Educational Technology Co and specific evidence regarding email addresses and domain registrations linking Shujia to TAL.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide presents evidence of corporate structure and personnel links between TAL and Shujia, specifically highlighting the role of Xiansuo Lin as a potential proxy.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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This is a text-heavy research note page providing forensic accounting analysis.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses comparative financial ratios to argue that Shujia's reported deferred revenue is inconsistent with industry norms, implying potential misrepresentation of business consolidation.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide functions as a forensic accounting analysis, using bullet points to detail suspicious financial patterns and operational discrepancies.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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Includes footnotes 145, 146, 147. Uses ASC 805 accounting standards as a basis for the argument.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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The slide uses a logical deduction framework to highlight a discrepancy in financial reporting between November and December 2016.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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This slide is part of a research note alleging financial manipulation by TAL Education Group.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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This is a text-heavy research note page focusing on forensic accounting/fraud allegations.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Cost Of Inaction1 hit
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This is a research note/investor letter. It uses aggressive, confrontational language to frame the company's management as fraudulent.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Problem & ComplicationLoop · Cost Of Inaction1 hit
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This is a research note page from a short-seller report (likely Muddy Waters or similar) alleging accounting fraud.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Problem & ComplicationLoop · Cost Of Inaction1 hit
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Includes a footnote regarding sensitivity to tuition rate assumptions.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Impact & Next StepsLoop · Cost Of Inaction1 hit
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The slide uses these disclosures to set up a common-size model analysis that implies offline enrollment declines.TAL Education Group (TAL) · Muddy Waters Capital
Activist deck Short seller 1 hit
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This slide uses a narrative of 'silence as admission' to imply the company was aware of the analyst's findings and chose to suppress them.TAL Education Group (TAL) · Muddy Waters Capital
Activist deck Short seller 1 hit
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This is a research note page focusing on fraud exposure and management credibility.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
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The slide uses a 'reconciliation' approach to test management's claims against a system of equations derived from historical disclosures.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Appendix MethodologyLoop · Aha Moment1 hit
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The slide presents two distinct 'tests' (Method 1 and Method 2) to expose inconsistencies in reported financial metrics.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Appendix Methodology1 hit
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The slide uses a 'check' methodology to validate company claims against derived models, highlighting inconsistencies in FY2018 Q3 data.TAL Education Group (TAL) · Carson C. Block
Research note Short seller Beat · Appendix Methodology1 hit