Investment Research report

Radiant Logistics Inc.

NYSEMKT:
RLGT
Previous Item
All Reports
Radiant Logistics Inc.
Logistical Nightmare
Download Report
Radiant Logistics Inc.
Download Report 2
Radiant Logistics Inc.
Download Report 3
Radiant Logistics Inc.
Download Report 4
Radiant Logistics Inc.
Download Report 5
Radiant Logistics Inc.
Download Report 6
Radiant Logistics Inc.
Download Report 7

Research Overview

INDEX:
S&P 500
Sector:
Industrials
Position:
Short
Date:
Jun 8, 2017

After conducting a forensic financial and accounting review, Spruce Point believes Radiant Logistics Inc. (NYSEMKT: RLGT), which specializes in transporting unique or difficult shipments, should cause shareholders to pause following its revenue recognition methods being questioned by the SEC. Based on our investigation, we estimate 30% to 50% downside risk.

The report highlights several key concerns with the company, including:

  • We question management's history which has been tarnished by a previous accounting scandal
  • We believe the Company is implementing a non-accretive roll-up strategy
  • We are concerned by an unattractive capital structure and unfavorable shareholder policies
Downloads & More

Research Assets & Releases

Key Media Coverage

Nothing posted currently

Broadcast Coverage

Nothing posted currently

Join The Mailing List

Spruce Point Alerts & Updates

See the other side of the Wall Street hype machine.