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Campaigns / Spruce Point Capital → Heska Corporation
Spruce Point Capital vs. Heska Corporation

Heska Corporation · HSKA

1 deck published between 2021-10-25 and 2021-10-25 — 128 pages, 128 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. 2021-10-25 initial thesis

    2021 10 64e79b8b0a395d3f6a6eec95_hska_research_thesis_10 25 2021 compactado

    128pp · full_deck

    Heska is a low-growth animal-health distributor — not the innovator management claims — masquerading at a 9x-sales SaaS multiple; Spruce Point sees 50-60% downside to $90-$115.