WCAGY - Buying Wirecard: A Bet That Is Backed Up By Strong Fundamentals
Introduction
The German company Wirecard (OTCPK:WRCDF, OTCPK:WCAGY) is not coming to rest. The dispute between the Financial Times and Wirecard over alleged irregularities in the balance sheet continues unabated. The Financial Times keeps publishing new accusations. For example, the newspaper accused the company of having added money on trust accounts to its cash reserves. Wirecard was also accused of Rami El Obeidi having led an espionage mission against hedge funds and traders in London on behalf of the company. Accordingly, the share price has been moving volatile since the first accusations: