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Campaigns / Spruce Point Capital → Maxar Technologies
Spruce Point Capital vs. Maxar Technologies

Maxar Technologies · MAXR

1 deck published between 2018-08-07 and 2018-08-07 — 68 pages, 68 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. 2018-08-07 initial thesis

    2018 08 64e7a83cdc8c2b2487d37d3f_maxr_research_thesis_8 7 2018

    68pp · full_deck

    Maxar's MDA-DigitalGlobe merger masks a collapsing satellite cycle and the most aggressive accounting Spruce Point has ever seen, leaving 5.8x-levered MAXR with 100% downside risk.