Contrarian Corpus
Spruce Point Capital vs. Kratos Defense & Security Solutions

Kratos Defense & Security Solutions · KTOS

1 deck published between 2018-03-16 and 2018-03-16 — 49 pages, 49 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. 2018-03-16 initial thesis

    2018 03 6515f16d219245d1431e2224_64e7a98299c8e4af958e5cf6_ktos_research_thesis_3 16 2018

    49pp · full_deck

    Kratos is an overhyped drone play run by executives tied to the Titan FCPA scandal; with the weakest margins in defense and a recent Director fraud indictment, we see 40%-70% downside.