Spruce Point Capital Management issued an email stating that a new short investigative report would be coming out soon. The ticker is not mentioned but maybe enough details to figure it out? Take a look below and let us know your thoughts – what stock or stocks match the description below?
Spruce Point Capital Management to issue a compelling new investigative report tomorrow
Q2 Letter: Baupost won big in Q2 with PG&E, eBay, Liberty Global
Seth Klarman's Baupost recorded "strong" gains for the second quarter, although precise numbers were not included in the July 23 letter to investors, which was reviewed by ValueWalk. Klarman said that during the first quarter, they were "substantial purchasers of securities," while during the second, they were "significant net sellers" due to the strong rally. Read More
We hope everyone continues staying healthy and well during these unique and challenging times.
Highlights Of Spruce Point's Investigative Report
Tomorrow we will profile a Company that Spruce Point has been following for a long time, not only for its rapidly declining business, and burdensome debt load, but also because of the people behind it. In fact, the same financial and accounting decision-makers behind tomorrow's Company were behind another company we successfully bet against many years ago. The outcome was miraculous: the stock collapsed and the CEO unceremoniously resigned. We will explain, with a rigorous behavioral, forensic and fundamental investigation, why we believe management is implementing a nearly identical playbook and using recent tactics that foreshadowed the collapse of its prior company. If you think that the sell-side analysts dangling Buy recommendations and upside price targets are doing you any service on this name, think again.
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