Daily Ideas·Bearish·DND.TO·2025年5月22日

Dye & Durham Limited - $DND.TO

minuscherry
YellowBrick

DND.TO: Significant churn masked by revenue pull-forwards. Unity logins -60%, competitors +500%. 3-yr contracts booked upfront. Real estate & business law segments face existential risks. CEO Proud's compensation & governance issues. Leverage concerns. Q3'FY25E catalyst as contracts expire. Potential restructuring or exposure of accounting gimmicks.

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