Michael Burry Says Palantir's Books Look More Like a Consultant's Than a Software Company's
The Big Short investor's numbers come straight from the AI specialist's own filings. What they mean is another matter.
Overview
Michael Burry is going after Palantir Technologies (NASDAQ:PLTR) again. The investor of The Big Short fame laid out an accounting case against the artificial intelligence (AI) software specialist in a February post titled "Palantir: An Accounting."
This week he pressed the case again, arguing that Palantir's financial profile looks more like a consulting firm's than a software platform's. He says a company valued around $420 billion today could eventually be worth less than $100 billion.
Details
He has had money behind the view. His Scion Asset Management disclosed put options on 5 million Palantir shares last fall. That was its final filing before he wound the fund down, and he told subscribers in April that he still holds Palantir puts.
Source
Originally published at www.fool.com.
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