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Spruce Point Shorts US Concrete

Vocal NYC-based short seller Spruce Point Capital has had a busy week; it reiterated its short call on Kratos on Tuesday and yesterday (Thursday) published a bearish report on U.S. Concrete, Inc. The firm said in a release: “Spruce Point Capital Management is pleased to announce it has released the contents of a unique research report on U.S. Concrete, Inc. (Nasdaq: USCR) ("USCR" or "the Company"). Spruce Point has conducted a critical forensic and fundamental analysis of the Company, a roll-up of commodity ready mix concrete businesses, that is showing severe signs of cracking. Our report will detail why we believe USCR exhibits...