Jehoshaphat announces new short position in Enovis

Jehoshaphat Research announced a new short position in Enovis (ENOV). In a note to investors, the firm says it believes Enovis shareholders own a growth story “that’s largely a figment of accountants’ imaginations.” The firm is short this stock because “we think its key numbers are largely fake, its real earnings power is far lower, and because it has gotten by for many years on a plethora of accounting and language games that simply won’t work if the company is too debt-laden to do more large, frequent deals.”