Citron Research issues a negative note on Bidz.com (BIDZ)

Citron Research issued a negative note on Bidz.com (Nasdaq: BIDZ). The firm sees many red flags at the online auction company and said the business model is not sustainable. The firm also cites large related party transactions. The firm said the recent surge in the stock price is unwarranted. Link to the report

NOTE: Bidz.com was recently added to the IBD list.

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