Spruce Point Re-Establishes Short Position In Echo Global Logistics, Inc. (ECHO)Guest Post
Spruce Point Capital Management is pleased to announce it has released a critical update on Echo Global Logistics, Inc. (Nasdaq: ECHO), a poorly constructed roll-up of 3rd party logistics brokers.
Spruce Point first reported on ECHO in September 2016, warning of 50%-60% downside risk; share subsequently collapsed 50% to $13 this year after ECHO suspended its long-term guidance and acquisition strategy. Due to temporary improvements in spot trucking prices post two hurricanes . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible