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Campaigns / Spruce Point Capital → Hill-Rom Holdings, Inc.
Spruce Point Capital vs. Hill-Rom Holdings, Inc.

Hill-Rom Holdings, Inc. · HRC

1 deck published between 2019-10-29 and 2019-10-29 — 80 pages, 80 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. 2019-10-29 initial thesis

    2019 10 64e7a3749023c09271d46ff2_hrc_research_thesis_10 29 2019

    80pp · full_deck

    Hill-Rom is a low-quality medical roll-up whose plateauing new products, exhausted margin expansion and aggressive accounting point to a 25-55% drop to $45-$75 per share.