If so, what are your thoughts on what the hell is going on with it??
Lavender Room
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Don't follow, but this from Bloomberg today:
XPO Logistics down as much as 4.1% after Spruce Point revealed the company as a new short idea, with 40%-60% near term downside to $24-$36/share, according to a report.
Cites concerns over accounting methods, a loss of confidence in management, and a multi-billion dollar debt overhang...
XPO fell 9.6% on Wednesday after forecasting guidance below estimates, shares have plunged 40% in past two months
Earlier,XPO Logistics Defended as Cowen Says Selloff ‘Way Overdone’
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a few analysts seem to think the sell-off is overdone (BofAML and Citi)
XPO Logistics down as much as 4.1% after Spruce Point revealed the company as a new short idea, with 40%-60% near term downside to $24-$36/share, according to a report.
Cites concerns over accounting methods, a loss of confidence in management, and a multi-billion dollar debt overhang...
XPO fell 9.6% on Wednesday after forecasting guidance below estimates, shares have plunged 40% in past two months
Earlier,XPO Logistics Defended as Cowen Says Selloff ‘Way Overdone’
---------------------
a few analysts seem to think the sell-off is overdone (BofAML and Citi)