09262017Headline:

Spruce Point Capital Releases a Strong Sell Forensic Research Opinion on Radiant Logistics, Inc. (RLGT)

Jun 8, 2017 - (Newswire)

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  • Radiant's revenue recognition methods have been questioned by the SEC and Radiant's CEO was CFO at Stonepath Group, a company that was delisted after accounting regularities emerged and later filed for bankruptcy
  • Spruce Point believes that Radiant's roll-up strategy is non-accretive and beginning to show signs of financial strain along with the rest of the 3rd party logistics space
  • Spruce Point believes that Radiant's capital structure is unattractive, the company has unfavorable capital management policies, and its share price is materially overvalued relative to peers

The research note can be found on Seeking Alpha at seekingalpha.com/author/ben-axler and updates will be posted on twitter @sprucepointcap.

Spruce Point Capital has a short position in Radiant Logistics and stands to benefit if its share price falls.

About Spruce Point Capital
Spruce Point Capital Management, LLC, is a fundamentally-oriented investment manager that focuses on short-selling, value and special situation investment opportunities.

Contact
Sean Donohue
Spruce Point Capital Management
sean.donohue@sprucepointcap.com
212-519-9813

Spruce Point Capital Management, LLC is a member of the Financial Industry Regulatory Authority, CRD number 288248.

SOURCE Spruce Point Capital Management, LLC

Related Links

www.sprucepointcap.com

Original Source: https://www.newswire.com/news/spruce-point-capital-releases-a-strong-sell-forensic-research-opinion-on

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