He Nailed Bombardier, Nortel & Valeant. Who’s Next?

In Roman mythology, Veritas is the goddess of truth. And that’s what Anthony Scilipoti has been seeking for more than 20 years in applying forensic, accounting-based research at the independent firm he co-founded, Veritas Investment Research. One of the first companies Scilipoti examined whose accounting seemed aggressive was Bombardier when the stock was trading around $25. It’s now a penny stock. Scilipoti was also early in sniffing out accounting issues and bad business models at Nortel and Valeant. Find out in this interview who’s on his radar now. Scilipoti also discusses the importance of being independent, and the methods that make Veritas’s research invaluable to a broad spectrum of clients including regulators, pension funds and investment advisors.