Tecnoglass: Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC
Tecnoglass Inc (NASDAQ:TGLS) is a Colombia-based producer of glass for residential and commercial buildings founded in 1984 by two brothers, Jose Daes and Christian Daes, who currently both serve as directors and CEO & COO, respectively.Q3 2021 hedge fund letters, conferences and more The stock has surged ~390% this year on record results fueled by a pandemic real estate boom in Florida, the company’s key market. Recently, U.S. census data shows that new residential building permits have peaked, signaling a fundamental headwind going forward.Our months-long investigation has included review of...