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Spruce Point Capital Management
4 of 4 reportsSpruce Point, Known for Short Selling, Issues a Rare Strong Buy on Zoom: 40% to 100%+ Upside, $1.2B Hidden Anthropic Stake, and a Bear Thesis It Says Has No Evidence
Spruce Point argues Zoom trades at 4.1x revenue and 16.1x free cash flow despite 77% gross margins and 40% FCF margins, while AI displacement fears and Teams competition have created a mispricing the firm calls one of...
Spruce Point Targets Bunge (BG), Alleging Debt-Fueled Growth, Weak Cash Flow and Accounting Risks, With 55%–80% Downside Seen
Spruce Point calls for an independent accounting investigation into Bunge Global SA, alleging the S&P 500 agribusiness giant has posted a -$1.6B cumulative cash flow deficit since 1999 while funding $8.6B in sharehold...
IperionX Ltd. – Spruce Point Capital Management LLC
Spruce Point exposes IperionX Ltd. (IPX) as a massively overvalued titanium tech company with unproven HAMR technology, questionable management history, and minimal revenue potential, suggesting 70-95% downside risk
Clear Secure, Inc. – Spruce Point Management
Spruce Point exposes CLEAR Secure (NYSE: YOU) with alarming findings: deteriorating business model, TSA digital ID threat, questionable accounting, and potential 32-58% stock downside in comprehensive research report