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This is a classic activist short thesis summary slide.Hims & Hers Health, Inc. (HIMS) · Spruce Point Capital Management
Activist deck Short seller Beat · Villain Critique3 hits
27
The slide uses red underlines to highlight specific incriminating text in the source documents.Hims & Hers Health, Inc. (HIMS) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose Contradiction3 hits
57
Uses a combination of legal news, expert commentary, and anecdotal employee feedback to build a case against the target.Hims & Hers Health, Inc. (HIMS) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose Contradiction3 hits
16
The slide uses red highlighting to draw attention to the specific text removed from the 2021 disclosure.Perion Network Ltd. (PERI) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionLoop · Logic Chain3 hits
17
The slide uses a red callout box to emphasize the auditor's concern about 'significant judgment and subjectivity' in revenue recognition.Perion Network Ltd. (PERI) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionLoop · Logic Chain3 hits
37
Uses Wayback Machine screenshot and 10-Q/A filing as evidence of past association and financial misstatements.Perion Network Ltd. (PERI) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionLoop · Logic Chain3 hits
43
Uses red underlines to highlight specific text in source documents.Perion Network Ltd. (PERI) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionLoop · Logic Chain3 hits
51
Uses a chronological comparison of disclosure text to demonstrate inconsistency.Perion Network Ltd. (PERI) · Spruce Point Capital Management
Activist deck Short seller Beat · Expose ContradictionLoop · Logic Chain3 hits
10
This is a classic activist short-seller thesis slide, using a sidebar-body layout to structure arguments.DoubleVerify Holdings, Inc. (DV) · Spruce Point Capital Management
Activist deck Short seller Beat · Setup & Stakes3 hits
47
Uses a 'before-after' or 'evidence-matrix' style to link official filings with anecdotal employee evidence.DoubleVerify Holdings, Inc. (DV) · Spruce Point Capital Management
Activist deck Short seller Beat · The MonsterLoop · The Reveal3 hits
19
The slide uses a red flag icon to signal a warning or 'red flag' regarding management's past conduct.Progyny, Inc. (PGNY) · Spruce Point Capital Management
Activist deck Short seller Beat · ComplicationLoop · Aha Moment3 hits
34
Uses a 'red flag' icon to signal warning/contradiction.Progyny, Inc. (PGNY) · Spruce Point Capital Management
Activist deck Short seller Beat · EvidenceLoop · Analogy3 hits
68
Uses CDC report excerpts to invalidate PGNY's internal performance claims.Progyny, Inc. (PGNY) · Spruce Point Capital Management
Activist deck Short seller Beat · ResolutionLoop · Mece Breakdown3 hits
74
Includes a red box highlighting the 'Miscarriage Rate' row in the table and a red underline in the Milliman report excerpt.Progyny, Inc. (PGNY) · Spruce Point Capital Management
Activist deck Short seller Beat · ResolutionLoop · Mece Breakdown3 hits
80
Uses a 'before-after' style contradiction framework to highlight the gap between company claims and reality.Progyny, Inc. (PGNY) · Spruce Point Capital Management
Activist deck Short seller Beat · ResolutionLoop · Mece Breakdown3 hits
83
This slide serves as a foundational context-setting page for an activist short report, likely aiming to frame the company's business model within the broader medical and financial realities of fertility treatment.Progyny, Inc. (PGNY) · Spruce Point Capital Management
Activist deck Short seller Beat · ResolutionLoop · Mece Breakdown3 hits
84
This slide serves as a critical examination of the PGNY business model, framing it as a 'lead-generation engine' rather than a purely patient-centric solution.Progyny, Inc. (PGNY) · Spruce Point Capital Management
Activist deck Short seller Beat · ResolutionLoop · Mece Breakdown3 hits
06
The slide uses a high-contrast, aggressive tone typical of activist short reports.Broadridge Financial Solutions, Inc. (BR) · Ben Axler
Activist deck Short seller 3 hits
09
This is a classic activist short thesis summary slide.Broadridge Financial Solutions, Inc. (BR) · Ben Axler
Activist deck Short seller 3 hits
62
The slide uses yellow highlighting to draw attention to specific clauses in the policy text.Broadridge Financial Solutions, Inc. (BR) · Ben Axler
Activist deck Short seller 3 hits
10
The slide uses a red flag icon to signal warning/risk regarding the partners listed.Skechers U.S.A., Inc. (SKX) · Spruce Point Capital Management
Activist deck Short seller Beat · The Monster3 hits
31
Uses a red flag icon and red boxes to highlight inconsistencies.FIGS, Inc. (FIGS) · Spruce Point Capital Management
Activist deck Short seller 3 hits
102
Uses legal interrogatory excerpts to highlight the lack of scientific basis for FIGS's 66% HAI reduction claim.FIGS, Inc. (FIGS) · Spruce Point Capital Management
Activist deck Short seller Beat · The Victory3 hits
32
Uses a comparison with Fleetmatics to highlight a potential accounting discrepancy.Samsara Inc. (IOT) · Spruce Point Capital Management
Activist deck Short seller 3 hits
26
The slide uses a table to show historical data points and quotes to highlight the shifting definitions.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller Beat · The Struggle3 hits
44
The slide uses a combination of narrative text (company's own disclosures) and a table of specific executive departures to build a case for management instability.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 3 hits
47
Uses direct quotes from SEC filings to expose business risks.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 3 hits
52
The slide uses a red callout box to emphasize the severity of the audit findings.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 3 hits
61
Uses red arrows and boxes to highlight discrepancies between reported connection counts and acquisition press releases.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 3 hits
76
The slide uses a red border to highlight the core thesis and a two-column layout to contrast the director's biography with the allegations against his former firm.Essential Utilities, Inc. (WTRG) · Spruce Point Capital Management
Activist deck Short seller 3 hits