Associated tags: CRD, Financial Industry Regulatory Authority, Humboldt Hill, California, Record, Research, Outline, EBITDA, NYSE, Pressure, Disclosure, Cryptocurrency, History
Footwear,
Other Retail,
Finance,
Professional Services,
Online Retail,
Fashion,
Retail,
Department Stores,
CFO,
TJ Maxx,
Independent director,
Risk,
Work,
Gerald Stevens,
Merchandising,
Partnership,
SVP,
Record,
Face,
XRT,
Taylor Swift,
Fraud,
Mindspeed Technologies,
Woman,
Economics,
Season,
FP&A,
Series,
Outline,
Forecasting,
Blockbuster,
Hot Topic,
Ageing,
Fitness,
POS,
McKinsey & Company,
Humboldt Hill, California,
Justin Boots,
Research,
Tractor Supply Company,
House,
Comment,
Public expenditure,
Retirement,
IPO,
Family,
AFCE,
Berkshire Hathaway,
FP,
Ariat,
State,
Marketing,
Bankruptcy,
Biography,
Popeyes,
TAM,
CURV,
Growth,
KSS Based in Irvine, California, Boot Barn is a specialty retailer that sells western and work-related footwear, apparel and accessories in the U.S.
Key Points:
- Based in Irvine, California, Boot Barn is a specialty retailer that sells western and work-related footwear, apparel and accessories in the U.S.
- As of year-end 2023, Boot Barn reported $1,704 million and $116 million of revenues and adjusted net income, respectively.
- Spruce Point is equally concerned by the leadership chosen to support and oversee CEO Conroy.
- Spruce Point has several concerns with Boot Barn’s new store economics, pictorial representations of stores and anomalous capital spending.
Retrieved on:
Wednesday, April 17, 2024
Online,
Education,
CFO,
School,
Privacy Act,
Educational technology,
Red Hat,
SVP,
Record,
Privacy,
Student information system,
9X,
Corporation,
FTC,
Red,
Outline,
FERPA,
GPA,
Database,
Onex Corporation,
Health,
Humboldt Hill, California,
Federation,
IPO,
Pressure,
Student,
DSO,
Elementary,
History,
Acquisition,
Intersection,
Interim,
Adjustment,
RSU,
Pearson Education,
Perdoceo,
COVID-19,
Letter,
Growth,
K-12,
Pharmaceutical industry As of year-end 2023, PowerSchool reported $697.7 million and $231.9 million of revenues and Adjusted EBITDA, respectively.
Key Points:
- As of year-end 2023, PowerSchool reported $697.7 million and $231.9 million of revenues and Adjusted EBITDA, respectively.
- The concerns we outline in our report include:
We believe K-12 school districts across the U.S. are staring down an impending fiscal cliff.
- We believe this will significantly pressure contract renewals for K-12 vendors such as PowerSchool.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
RCN,
Tax,
Biography,
Dimensions of globalization,
Wood,
Corruption,
Biophysical environment,
EPS,
WSP,
International,
International Financial Reporting Standards,
Church,
ESG,
Genivar,
Policy,
Classification,
Transport,
Public expenditure,
Record,
Humboldt Hill, California,
CPPIB,
Nature,
Outline,
TSX,
OECD,
PwC,
Engineering,
WSP Global,
Retirement,
Public sector,
Geography,
Language,
LTM,
Audit committee The Company was formed when Canada’s Genivar Inc. (TSX: GNV) acquired WSP Group plc in the U.K. in 2012.
Key Points:
- The Company was formed when Canada’s Genivar Inc. (TSX: GNV) acquired WSP Group plc in the U.K. in 2012.
- Ever since, WSP has been built largely as a roll-up acquiror and has acquired 22 companies totaling $4.3 billion since 2020.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
- As disclosed, Spruce Point and/or its clients have a short position in WSP Global Inc. (TSX: WSP) and own derivative securities that stand to net benefit if its share price falls.
The Company,
MBP,
Homes.com,
Flex,
National Association,
Total,
Outline,
MLS,
Pressure,
Record,
Marketing,
Growth,
Super Bowl,
TAM,
SBC,
Disclosure,
Advertising,
History,
CoStar Group,
Policy,
Optimism,
NAR,
Humboldt Hill, California,
Probability,
Acceleration,
Research,
IRLC,
Real estate Key indicators show Zillow is experiencing a rapid decline in web traffic, which is the foundation for the Premier Agent business.
Key Points:
- Key indicators show Zillow is experiencing a rapid decline in web traffic, which is the foundation for the Premier Agent business.
- Spruce Point believes these practices require significant management judgement as some consumers may have multiple commitment letters from different banks/vendors.
- Spruce Point believes Zillow should provide more disclosure around assumptions on the timing and conversion of leads and mortgages.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
Retrieved on:
Wednesday, January 17, 2024
Professional Services,
Finance,
Hand,
Research,
Executive Committee,
Quarter,
Risk,
RiskMetrics,
G&A,
Audit committee,
Friction,
Climate,
Pension,
Growth,
Textile,
Record,
Menai,
Data management,
Capital,
CFO,
ESG,
Morgan Stanley,
BlackRock,
ETF,
Analytics,
Software,
Congress,
Disclosure,
EFront,
Doctor of Philosophy,
Marketing,
Retention rate,
Thought,
Physics,
RCA,
Outline,
GAAP,
Acquisition,
Deutsch,
SolarWinds,
IShares,
Weakness,
Yoy,
Vanguard,
Bloomberg,
Humboldt Hill, California,
Adjustment,
Interview,
CPA,
Fraud,
SWI,
Pressure,
IPO,
EPS,
AUM,
Cryptocurrency MSCI, founded as Morgan Stanley Capital International, is a provider of decision support tools and solutions for the global investment community.
Key Points:
- MSCI, founded as Morgan Stanley Capital International, is a provider of decision support tools and solutions for the global investment community.
- In addition, MSCI also faces additional strain from its clients – such as BlackRock – that are under pressures of their own.
- Higher rates have caused total assets of AUM benchmarked to MSCI indices to decline almost double digits since 2021.
- For example, Spruce Point observes that MSCI recently experienced year-over-year declines in its organic sales growth, Adjusted EBITDA margin and client Retention Rate metrics.
Retrieved on:
Thursday, November 9, 2023
NXIVM,
Beauty,
NYSE,
Walmart,
Target,
Cosmetics,
Judgement,
CIO,
Growth,
Humboldt Hill, California,
Marketing,
E.l.f. (cosmetics),
Ulta Beauty,
The Company,
Sympathy,
Record,
Movers & Shakers (film),
Woman,
Radar Spruce Point Capital Management, LLC (“Spruce Point” or “we” or “us”), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled “The Ugly Elf” that outlines why we believe shares of e.l.f.
Key Points:
- Spruce Point Capital Management, LLC (“Spruce Point” or “we” or “us”), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled “The Ugly Elf” that outlines why we believe shares of e.l.f.
- Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
- Statement By Spruce Point Capital Management’s Founder and CIO Ben Axler:
“Spruce Point has grave concerns about e.l.f.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
Retrieved on:
Wednesday, October 4, 2023
Insurance,
Pressure,
Maintenance,
Urbanization,
Male,
Pest control,
Humboldt Hill, California,
Rollins, Inc.,
Fox,
Western Pest Services,
Marketing,
Service,
COVID-19,
SIT,
Record,
Research,
Churn,
Sale,
Sterilization,
NYSE,
EBITDA,
Outline,
Rentokil Initial,
Climate change,
Pesticide,
Acquisition,
NASA,
Risk,
CFO,
City,
Nature Climate Change,
Security (finance),
Agriculture,
Hunting,
Terminix Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
Key Points:
- Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
- Our research indicates that the combined company is increasing its marketing intensity, which is ultimately pressuring Rollins’ customer churn and acquisition cost.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
- As disclosed, Spruce Point has a short position in Rollins Inc. and owns derivative securities that stand to net benefit if its share price falls.
Retrieved on:
Thursday, September 21, 2023
George Eld,
VMware,
Software as a service,
IPO,
Pepsi,
FCC,
United States Postal Service,
Humboldt Hill, California,
Marketing,
Controller,
Audit,
Internet of things,
Policy,
Disclosure,
Record,
Research,
Transport,
United States Department of Transportation,
History,
Churn,
SMB,
Congress,
LTV,
CAC,
International Brotherhood of Teamsters,
Walmart,
ETF,
Outline,
EBITDA,
ELD,
ARR,
Advanced driver-assistance system,
Engineering,
Logic,
FBI,
UPS,
Geotab,
ADAS,
OEM,
Fraud,
NYSE,
Proxy,
Software,
Mobile phone,
Video game,
Music,
Saṃsāra,
Amazon Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
Key Points:
- Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
- In fact, our research found that Samsara has a history of hardware reliability issues and frequent replacement cycles.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
- As disclosed, Spruce Point has a short position in Samsara Inc. and owns derivative securities that stand to net benefit if its share price falls.
Retrieved on:
Wednesday, August 9, 2023
Pressure,
Failure,
Special Investigation Committee of Anti-National Activities,
Humboldt Hill, California,
Bank statement,
Audit,
XYL,
Bull,
Stock dilution,
ITT Inc.,
Reward,
Record,
MCI Group,
Research,
MCI,
Sale,
Brookfield Global Integrated Solutions,
Sensu,
EBITDA,
Outline,
Report,
Acquisition,
Annual report,
Water,
MCI Inc.,
Comment,
Earnout,
Xylem Inc.,
CFO,
Pure,
Adjustment,
Hand,
NYSE,
Proxy,
Cryptocurrency,
Xylem Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
Key Points:
- Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
- Based on our analysis, we have identified that Xylem exhibits a consistent pattern of delivering greater restructuring charges and less capital spending than forecasted.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
- As disclosed, Spruce Point has a short position in Xylem Inc. and owns derivative securities that stand to net benefit if its share price falls.
SPAC,
Insurance,
Humboldt Hill, California,
American Urological Association,
Prescription,
AOV,
Markup,
STAT,
Dermatology,
Acquisition,
California Franchise Tax Board,
Patient,
RO,
Risk,
Erectile dysfunction,
ED,
NYSE,
Face,
Pharmacy,
DOJ,
Drug Enforcement Agency,
Fareva,
Snap,
Costco,
Target,
EPA,
DEA,
Social stigma,
Mental,
FTC,
Amazon Pharmacy,
FDA,
Mental health,
State,
Business Insider,
Record,
AMG,
Medicine,
Hims & Hers Health,
Outline,
Mercedes-AMG,
ITC,
Public key certificate,
Walmart,
Drug,
Clinic,
Ground substance,
Woman,
GNC,
Apostrophe,
CAC,
Physician,
OTC,
Sildenafil,
Cerebral,
Health,
Social polarization,
HIPAA,
Keith Lemon's LemonAid,
Pharmaceutical industry,
Walgreens,
Hers,
Tadalafil Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
Key Points:
- Download or view the report by visiting www.SprucePointCap.com and follow us on Twitter @SprucePointCap for additional information and exclusive updates.
- Hims & Hers is a health and wellness e-commerce company that came public in January 2021 through a SPAC merger.
- In fact, we believe they are “figureheads” who can be replaced at the whim of Hims & Hers management.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
