Spruce Point Capital Management
Ben Axler is a notorius short. Here is a couple article on seeking alpha : -Caesarstone: A Counter To The Bull Thesis On Quartz Countertops Suggests 40 -75% Downside -NCR Corp.: Major Accounting Issues, Excessive Leverage And Limited Strategic Alternatives Point To 45-70% Downside -United States Antimony Corp.: A Commodity Stock That Could Fall 80% Pretty similar article structure with a huge downside. He's smart guy, that's for sure (he already succeed his short on Intertain). He prays on stock that had a little bump on the road, in our case the MIP program in august and started a short on managment transparency and many other unrelevant issues (like dress code on TV or comparing 2 differents things and making parallels between them or the tax rate in Malta (26 % vs 5 %) and I could go on and on and on. The only thing that matters is numbers. Numbers don't lie and the Q3 2015 numbers, were great. They are turning their acquisition well. I have read the 120 slides show on their site (doesn't take too long) and nothing on the financial standpoint is alarming. That laughable law firm, they are only ambulance chaser, they are after a wounded animal. You fall on the Streets, it is the structure of the Streets that is at fault. Take care all In resume, go read the report, you'll feel better after that. For that laughable law firm