TAKKT AG (TTK)

The Bear Syndicate, a European short-seller group which has no relation to The Bear Cave, published on TAKKT AG (Frankfurt: TTK — EUR 169 million), a German business equipment company. The Bear Syndicate called TAKKT “a textbook example of a value-destroying and structurally mediocre business selling commoditized products in a saturated industry” and predicted “major goodwill impairments and worsening debt financing.”