This article was just posted within the hour:
https://seekingalpha.com/news/3416823-spruce-point-capital-hammers-xpo-logistics
https://seekingalpha.com/news/3416823-spruce-point-capital-hammers-xpo-logistics
XPO | TROUBLE!
- Thread starter XCCX
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Yeah I read that. Could be big trouble could be someone with an axe. I’d say it is somewhere in the middle, but we sure will see. I hope for our jobs sake this is not 100% accurate
http://www.businessinsider.com/ben-axler-of-spruce-point-capital-2016-3
Stocks down to $49 a share. I hope your right .
Stocks down to $49 a share. I hope your right .
Yes. I’m not trying to provide cover for these corporate guys by saying this but because they missed projections and just filed with sec that they would continue missing projections along with the bad press about labor the stock had already taken a massive hit so this really could be someone with a giant axe to grind but it also could be true. If it is I think it would just accelerate the timeline of him selling it off. I know a lot of institutional investors are pissed because they’ve been riding the wave on this stock and have lost a ton
Could be , we will find out soon.
If it’s someone with an axe to grind they would be opening themselves up to a lot of legal problems if the allegations are unsubstantiated.
This guy (Ben Axler) is on twitter raising all kinds of questions and thoughts about XPO:https://twitter.com/sprucepointcap?ref_src=twsrc^google|twcamp^serp|twgr^author
( Hope link works) (over 20 tweets with tables & graphs on xpo in the last 3 hours)
( Hope link works) (over 20 tweets with tables & graphs on xpo in the last 3 hours)
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It worked thx
smokin'joe
Just Smokin' the Blues...
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This is a link to the full analysis done by Spruce Point on Xpo. Some interesting stuff. Worth looking at.
https://www.sprucepointcap.com/reports/xpo_research_thesis_12-13-2018.pdf
https://www.sprucepointcap.com/reports/xpo_research_thesis_12-13-2018.pdf
Fly-by-night
Only when you care to send the very best
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Deutsche Bank said that it had found "highly misleading statements and inaccuracies related to basic calculations" in the Spruce Point report, including double-counting some debt, excluding items from free cash flow that are typical of the industry, and, in one equation, incorrectly showed a decline in profit instead of a gain.
https://www.thestreet.com/investing...k-in-rebuttal-to-short-seller-report-14811324
Yeah, Deutschland bank has a lot riding on Xpo success so I wouldn’t take their word as totally unbiased . That being said lets hope their right about this. A lot of it has to do with optics at this point to get investor confidence back up.
highspeeds
ENTERTAINMENT USE ONLY
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Pretty standard after something like this to do some conflicting articles and attempt some amount of damage control. There are literally billions of dollars in play. It's a wise investment.
trucknfool
TB Regular
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Con-way done the same thing, on the books they budgeted equipment purchases in the Physical year it's bought, then the Service Centers make payments out of their budget
Every month for Seven years. On top of all that, the corporation takes depreciation tax wise on the equipment. That's why Service Centers liked to keep old equipment, they didn't have any payments out of I&E.
