Thesis: economics, analyst: Jehospaphat-research, sector: consumer-discretionary.
Jehoshaphat Research published on The Toro Company (NYSE: TTC — $8.69 billion), a Minneapolis-based lawn mower, snow blower, and general maintenance company. Jehoshaphat claimed Toro “appears to be getting phased out of Home Depot, historically its largest customer” and alleged the company inflated non-GAAP operating earnings by ~35% “thanks to a variety of accounting irregularities.” Jehoshaphat also noted the company’s CFO, an audit committee board member, and three Vice Presidents have departed since January 2023 and concluded,“We see 40-60% downside to fair value over time, as investors realize Toro isn’t the business it used to be.”
More ... latest change: 2026-02-28
Last updated: 2026-03-07 by automated standardization process
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