Sell: Synchronoss Technologies (SNCR)
From Cabot Benjamin Graham Value Investor
Updated from issue number 763, November 19, 2014
Synchronoss Technologies (SNCR) is the subject of an investigative report published today by the Southern Investigative Reporting Foundation. The in-depth report was forwarded to me by my colleague Jacob Mintz, Chief Analyst of Cabot Options Trader and by one of my subscribers, P.R.
Synchronoss’s proposed purchase of IntraLinks and sale of the company’s Activation unit is troublesome. The price paid for IntraLinks is high, and the amount received for the Activation division is low. The transactions are clouded by the SNCR executives and friends involved. These insiders will be highly rewarded by the purchase and the sale at the expense of Synchronoss shareholders.
The impact on SNCR’s shares are being felt today, with the stock price down 0.8%. Additional negative reports will likely appear, that will send the stock down considerably further. You can access the full report here.
I recommend selling your SNCR shares now. Sell.
J. Royden Ward, Cabot Benjamin Graham Value Investor, www.cabotwealth.com, 978-745-5532, February 24, 2017