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Campaigns / Spruce Point Capital → A.O. Smith Corporation
Spruce Point Capital vs. A.O. Smith Corporation

A.O. Smith Corporation · AOS

1 deck published between 2019-05-16 and 2019-05-16 — 20 pages, 20 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. 2019-05-16 initial thesis

    2019 05 64e7a584e89e5b70eec23d1c_aos_research_thesis_5 16 2019

    20pp · full_deck

    A.O. Smith's China growth is cracking while revenue-recognition red flags, unsustainable 40%+ margins and vanishing insider ownership point to 45-65% downside to $17.75-$27.30.