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Campaigns / Spruce Point Capital → Saputo Inc.
Spruce Point Capital vs. Saputo Inc.

Saputo Inc. · TSX:SAP

1 deck published between 2022-11-29 and 2022-11-29 — 147 pages, 147 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. 2022-11-29 initial thesis

    2022 11 64e799fc03c1f1d39039786b_saputo_research_thesis_11 29 2022 compactado

    147pp · full_deck

    Saputo's 25-year dairy roll-up is failing internationally; hidden U.K. pension, Argentina margin outlier, and auditor red flags point to 40%-60% downside to C$13.75-$20.50.