Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Nuvei Corp. (NASDAQ: NVEI / TSX: NVEI)
Retrieved on:
Tuesday, April 18, 2023
SPAC, IPO, Senior, Humboldt Hill, California, Marketing, Deluxe Corporation, Acquisition, Three Times, Felony, SVP, Micro ISV, NYSE, PAYA, Roman Catholic Diocese of La Crosse, FTAC, Paya, Inc., Research, Risk, Language, Sage Group, Deluxe, Corporation, TSX, Wall, SGE, Payment, Bankruptcy, LSE, I-house, ICO, Record, History, Government, Fraud, Economics, Partnership, Education, FTX, GTCR, Simplex, Nuvei, Movement, EBITDA, Annual report, Cryptocurrency, Silviculture, Pharmaceutical industry, Twice, Ideanomics
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.
- The stock subsequently collapsed by 75% (more than Spruce Point’s 60% maximum downside prediction) and Nuvei revised both short and long-term guidance lower.
- Based on our research, we believe Simplex’s margins have materially compressed, and Nuvei is delaying impairment.
- As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .