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  "documentTitle": "Aerojet Rocketdyne Holdings, Inc. (AJRD)",
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  "authorName": "Ben Axler",
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      "text": "Spruce Point sees many similarities between its recent success with Maxar Technologies, a space technology and satellite manufacturer, and Aerojet Rocketdyne, a manufacturer of rocket propulsion and missile systems.",
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      "text": "Spruce Point Capital Is An Industry Recognized Research Activist Investment Firm Founded In 2009\n- Founded by Ben Axler, a former investment banker with 18 years experience on Wall Street\n- Ranked the #2 most successful short-selling activist in 2018 by Activist Insight (Feb 2019)\n- Ranked the #1 Short-Seller in the world by Sumzero after a comprehensive study of 12,000 analyst recommendations dating back to 2008 (March 2015)\n- Ranked the #13 Most Influential FinTweeter on Twitter according to Sentieo analysis (Dec 2016)",
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      "text": "Company Researched By Spruce Point | Ticker | Report Date | Adj. Enterprise Value | Spruce Point Concerns Raised | Successful Outcome\nMaxar Technologies Ltd. | MAXR | August 7, 2018 | $6.2 billion | Poorly-timed levered acquisition of DigitalGlobe by space satellite manufacturer MacDonald Dettwiler. Management’s Adjusted EPS inflated by aggressive accounting assumptions regarding newly-acquired intangible assets, and one-time items. Concerns about the CEO’s representation about his work history, and the quality of the Board oversight. | Shares collapsed 90% following our report on a host of issues: $386m asset write-down and impairment loss, satellite failure, CEO resignation, Chief Accounting Officer resignation, and dividend cut to one penny",
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      "text": "About Spruce Point Capital Management",
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