Investment Research report

NCR Corp.

NYSE:
ncr
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NCR Corp.
Financial Statements Are Non-Sense
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Research Overview

INDEX:
S&P 500
Sector:
Technology
Position:
Short
Date:
Apr 23, 2015

After conducting a forensic financial and accounting review, Spruce Point believes shareholders of NCR CORP (NYSE: NCR), a software company, should demand immediate change at the executive level after experiencing blatant examples of poor judgment and capital allocation. Based on our investigation, we estimate 40% to 75% downside risk, or $9.00 - $16.00 per share.

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