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Campaigns / Spruce Point Capital → U.S. Concrete Inc
Spruce Point Capital vs. U.S. Concrete Inc

U.S. Concrete Inc · USCR

1 deck published between 2018-05-17 and 2018-05-17 — 48 pages, 48 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2018-05-17 initial thesis

    2018 05 64e7a8df8ce3d3b0b7e52195_uscr_research_thesis_5 17 2018

    48pp · full_deck

    USCR's 21% gross margins and Adj EBITDA growth are engineered via capital leases and overcapitalized truck costs; CEO Sandbrook should resign and shares face 60-90% downside to $6-$25.