The innovative payment processor Wirecard (WRCDF) has been a perennial favorite in financial media in recent months. The Financial Times, in particular, with its critical reports on accounting issues, had provided downward pressure on the stock price and strained nerves in Aschheim, Germany. While between February and April the focus was mainly on irregularities in Wirecard's Asian partner network, during the last two months, the focus shifted back to the impressive business momentum and the overall strong earnings growth.
Source: Wirecard
At the balance sheet press conference in late April, the charismatic