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.
The latest Iqvia data for Aug is out on $PEN Penumbra. We used this data to foresee the recent moderation in performance. The data is getting even worse with units/sales decline accelerating further -32% YoY. Very #bearish
The stock of online educator 2U plunged more than 60% after the company warned that competition was hurting enrollment at the distance-education programs it runs for schools like Harvard University and the University of North Carolina. more
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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