Mercury Systems: A Shady Roll-Up Set to Implode – GlassHouse Research
We at GlassHouse Research would like to present you with our highest conviction short idea Mercury Systems Inc (NASDAQ:MRCY). We believe that MRCY’s earnings quality risk is now the highest it has ever been based on our findings. Roll-Up Model at Mercury Conceals Deteriorating Core CompanyMercury Systems (MRCY) is a technology company that produces components, modules, and subsystems for the aerospace and defense industries. Over the twelve-trailing-months, stated organic revenue growth was negative for the first time since FY2018, putting management in a precarious position. Our analysis on M...