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Textura (TXTR) Lower; Mentioned Cautiously at Citron Research

December 26, 2013 10:50 AM EST
Textura Corp. (NYSE: TXTR) is on watch as Citron Research mentioned the stock in a new post today. The firm said:

Wall Street has been sold on Textura Corp. as a hot enterprise software company, rapidly consolidating the construction industry with a purported “SaaS” platform. Sound good?

The gap between fiction and reality couldn’t be any wider. Equity bubble for enterprise software SaaS stocks? Sure, but this one is so much worse…..

Jim Chanos is fond of defining the potential for short candidates as "Fads, Frauds, and Failures". Its rare that you find all three in one package.


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