Wirecard and Steinhoff are both companies of German origin which had accounting scandals. In this post I want to describe why these two accounting scandals are completely different and why I choose to take a long position in Steinhoff after the scandal, although I did make a profit with a short position in Wirecard. I am writing this article because I want to describe that shorting a stock with an accounting scandal / fraud isn’t always the best option.
I stake a Cryptocurrency based of Peercoin on a Server since years. Multiple months ago this stopped because of the following error: Coind: kernel.cpp:372: unsigned int GetStakeModifierChecksum(const CBlockIndex*): Assertion `pindex->pprev || pindex->GetBlockHash() == (!fTestNet ? hashGenesisBlock : hashGenesisBlockTestNet)' failed. This Error often comes when your Blockchain is corrupted. The cause of my problem was an unexpected downtime. To fix this: Stop the Daemon Backup the Folder of the Coin Delete everything except wallet.
The history with Odoo started with TinyERP / OpenERP which was a free ERP System. This was a great idea and pioneered the open source ERP environment. But in the last years the name and the vision changed. Now Odoo provides besides the ERP part also a CRM, CMS, Blogs, Forums, E-commerce (Online-Shops), Timesheet, Project Management, Inventory Management, Recruitment, Spreadsheet, Documents, Email Marketing… So in short: Odoo changed from a focus on ERP to an all-in-one solution which seems to cover nearly every application a business needs.
I am a very big DNS nerd and have always registered new domains for my projects before I even made the concept of my new ideas. We had tests about the Domain Name System at my professional school and I can’t remember I ever not scored the highest… So as someone who currently pays for 33 domains a year of which all are for private projects and none generates money I had an idea for a new gTLD which I wanted to operate.
The Workhorse Group Incorporated is a EV company which primarily produces delivery vans and got lately popular with a rising share price because it was viewed as one of the possible winners of an 8 billion USPS contract to replace old delivery vans. This contract busted, however I started writing this article before the deal busted - so don’t be surprised by the high numbers. I owned this stock for several years and wanna display my view of the company in this blog post.