Spruce Point Capital Management, LLC is a New York based investment manager founded in 2009. The firm focuses on short-selling, value, and special situation investment opportunities. The firm conducts in depth fundamental research and takes an activist approach to investing.
No one caught this late last week: $XPO came to prelim settlement of $16.5m on claims it misclassified workers to deny them wages (to inflate earnings perhaps?). This would be a material hit to quarterly earnings. Don't let mgmt convince u this is a one-time item to be ignored.
Classic bull market head-scratching behavior. Have to shake my head at the price u/g y'day by JPM analyst (same guy who covers chronic over-promise, under-deliver iRobot $IRBT and $MAXR predecessor DigitalGlobe). Both been great shorts so keep pumping the wall street hype machine
A rising tide has lifted all boats the past nine years due to unprecedented monetary stimulus from central banks in response to the Global Financial Crisis; however, the tides are shifting and we may soon find out who has been swimming naked.
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