Baron Fund calls Spruce Capital Short Report a "hatchet job"Here is what Baron Small Cap Fund has to say about Nuvei Corporation in its Q4 2021 investor letter:
"Nuvei Corporation provides payment processing services for online merchants around the world. The shares fell sharply following a short seller report that raised questions about management’s background, the company’s acquisitions, and the stock’s valuation. Management provided a detailed rebuttal to the report and reaffirmed guidance and its mediumterm targets. Generally, we think the report was a hatchet job, and a welltimed one at that, as the stocks of many payment companies were under pressure in the quarter."
https://finance.yahoo.com/news/consider-buying-nuvei-corp-nvei-073157599.html