Reputed short-seller Spruce Point Capital Management released its latest short report this week. The firm is shorting Canadian dairy and grocery manufacturer Saputo. Spruce Point chief Ben Axler believes the company is entering a phase of declining growth and highlights the financial stress and growing challenges he sees it facing, not only in Canada but also in the U.S., Europe and Australia. Q3 2022 hedge fund letters, conferences and more Saputo shares haven’t been affected much by Spruce Point’s short report yet. However, the firm has a solid track record of making calls in the consumer and retail sector in…
Short-Seller Spruce Point Highlights Its Latest Canadian Consumer Short: Saputo
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.