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Equifax (EFX) leak & insider selling

  • Last Updated:
  • Sep 15th, 2017 9:19 am
[OP]
Deal Addict
Jun 3, 2009
3609 posts
426 upvotes
Montreal

Equifax (EFX) leak & insider selling

Equifax reports massive cyberattack; shares down 6% after hours:

https://seekingalpha.com/news/3294289?source=ansh $EFX

Three Equifax execs sold stock before breach was revealed; shares -12.4%

https://seekingalpha.com/news/3294312?source=ansh $EFX

Is anyone else considering going buying this dip in the near future? If HD and TGT survived similar breaches, why wouldn't EFX too? Transunion doesn't seem like a worthy competitior.
11 replies
Deal Addict
Nov 9, 2013
1804 posts
584 upvotes
Edmonton, AB
I'm thinking about it yes, but need to do more DD before pulling the trigger.

On the other hand, what does it say about the intrinsic nature of the business - credit reporting and monitoring - if they can't even protect themselves from a data breach.

It'd be like going to the doctor for heart surgery while he / she is having a heart attack.
Sr. Member
Aug 19, 2016
697 posts
238 upvotes
treva84 wrote:
Sep 7th, 2017 9:42 pm
It'd be like going to the doctor for heart surgery while he / she is having a heart attack.
Although funny, but doesn't apply. The doctor can't do anything while having a heart attack. Not even giving you a hug.


It is like going to see a financial advisor to seek financial advices. However, the financial advisor himself is in huge debt (consumer debts). This example is better because the FA can still give you advices while he is in huge debts.
Newbie
Apr 23, 2017
62 posts
32 upvotes
cn_habs wrote:
Sep 7th, 2017 8:09 pm
If HD and TGT survived similar breaches, why wouldn't EFX too?
Because HD and TGT have actual businesses only tangentially related to securing people's personal data - their core business was not undermined by a security breach but EFX's core business is directly related to security. This demonstrates that they are incompetent and I for one wouldn't invest in them or use their services after this revelation.
Sr. Member
Oct 11, 2010
888 posts
263 upvotes
Charlottetown
It may end up being an ok investment but I for one will not invest in a company this reckless
[OP]
Deal Addict
Jun 3, 2009
3609 posts
426 upvotes
Montreal
It's down over 10% today so there's still too much down side left IMHO. The company may end up going belly up and lawyers are the only winners in this scandal.
Deal Addict
Nov 22, 2004
1125 posts
182 upvotes
As per Wikipedia, Canadians were affected in the leak and 44 million British residents as well. Haven't heard much on that side. Either way, it's not looking good at the moment.
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[OP]
Deal Addict
Jun 3, 2009
3609 posts
426 upvotes
Montreal
Clueless Fox wrote:
Sep 14th, 2017 7:39 pm
As per Wikipedia, Canadians were affected in the leak and 44 million British residents as well. Haven't heard much on that side. Either way, it's not looking good at the moment.
Many Canadian CAA members have been affected by the leak too. The numbers will only grow over time IMHO.

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