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  "documentTitle": "XPO Logistics, Inc. (XPO)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-12-13 00:00:00",
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      "text": "Spruce Point has been following XPO Logistics (NYSE: XPO) for years, a transportation and logistics roll-up founded by Bradley Jacobs, co-founder of United Rentals (URI) which collapsed in an accounting scandal during his leadership.",
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      "text": "A Value Destructive Roll-Up; Insider's Undisclosed Association; Dubious Financial Presentation; Ridiculous Compensation Scheme; An Epic Wall St Stock Promotion",
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      "text": "downside risk: 100%",
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      "text": "Only when the tide rolls out do you know who as been swimming naked — Warren Buffett",
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      "text": "Spruce Point Estimates 40% – 60% Intermediate Downside Risk, 100% Long-Term Downside",
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