Added to YB: 2025-06-06
Pitch date: 2025-06-04
ABL [bearish]
Abacus Global Management, Inc.
-34.93%
current return
Author Info
Morpheus Research was founded in 2025 by a team of financial analysts dedicated to exposing fraud and corporate misconduct in financial markets.We publish deep-dive investigative research on companies that we feel are fundamentally misunderstood by the market. While our research may lead to uncomfortable conclusions, we strive only to offer the truth. Sign up for the newsletter.
Company Info
Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States.
Market Cap
$640.3M
Pitch Price
$6.15
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.37
P/E
55.23
EV/Sales
4.95
Sector
Insurance
Category
special_situation
Abacus Global Management: This $740 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue By Systematically Underestimating When People Will Die
ABL short: $740M market cap asset manager w/life insurance policies. Returns of 30% vs industry 12% driven by mark-to-model scheme via Lapetus (AI vendor w/close ties). 61% of Q1'25 revenue from unrealized gains. Coventry study shows Lapetus underestimates life expectancy by 31 months = 35%+ portfolio overvaluation. Lock-up of 50.7M insider shares expires in 4 weeks.
Read full article (11 min)