2024-05-02 08:18:27 ET
Summary
- Equinix's share price has dropped over 20% due to allegations made by a short-seller, raising questions about whether it's a good time to buy.
- The allegations include manipulative practices by top management and misallocation of capital.
- The article examines the allegations and provides analysis on Equinix's financials, AI opportunities, and potential risks.
I take allegations seriously, like those made by short-seller Hindenburg on Equinix (EQIX) on March 20 since it has taken a toll on the specialized REIT’s share price as shown below. The downside is striking when compared to industry peer Digital Realty Trust (NYSE: DLR )....
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Equinix: A Buy After Questioning Hindenburg's Allegations