TYC still sufferingTYC is still suffering. The problems all originally stem from a report which suggested accounting irregularitites. Market seems to question growth rate and earnings because current PE is only 14. Accounting may be aggressive but according to David Faber he sees no reason to believe that it is not within guidelines.
This hurts TYC which uses its currency to grow through acquisition. Stock has been hammered since the report.
For details and other news see https://www.netcognizance.com