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Spruce Point targets Mercury Systems; shares down more than 4%

Published 04/18/2018, 10:48 AM
© Reuters.  Spruce Point targets Mercury Systems; shares down more than 4%
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  • Multiple material adverse effects are converging on Mercury's (MRCY -4.2%) business this year, tweets Spruce Point Capital's Ben Axler, seeing 50-80% downside in the name.
  • There is no reason, says Axler, why Mercury is the highest valued player in the aerospace & defense industry given the challenges it faces.
  • He also takes note of recent abrupt resignations in the C-suite.
  • Now read: Billion-Dollar Unicorns: Can Fortinet Get To Billion In Revenue?


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