Maxar Technologies Ltd.
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Maxar Technologies Ltd.
Falling Out of Orbit to Zero
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Maxar Technologies Ltd.
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Maxar Technologies Ltd.
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Maxar Technologies Ltd.
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Maxar Technologies Ltd.
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Maxar Technologies Ltd.
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Research Overview

INDEX:
S&P 500
Sector:
Technology
Position:
Short
Date:
Aug 7, 2018

After conducting a forensic financial and accounting review, Spruce Point believes Maxar Technologies Ltd. (NYSE: MAXR), an IT company, has engaged in a massive M&A accounting scheme to cover past problems and has a deleveraging plan that is a fantasy and a dividend that must be eliminated. Based on our investigation, we estimate up to 100% long-term downside risk, and an intermediate-term price target of $20 - $25 per share.

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

  • We believe the Company’s earnings report shows an overstatement through $1b intangible asset inflation
  • Evidence of the dividend at risk of cut or elimination
  • We believe the CEO should resign after obscuring history of leadership roles
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