Spruce Point Issues “Strong Sell” Opinion On Porch Group
Spruce Point Capital Management, LLC (“Spruce Point” or “we” or “us”), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled “A Porch On A Flimsy Foundation” that outlines why shares of Porch Group, Inc. (NASDAQ:PRCH) (“Porch” or the “Company”), face up to 70% downside risk. Q1 2021 hedge fund letters, conferences and more Porch Is The “Everything” Spaghetti Business Model In Search of Satisfying A Consumer Need That Doesn’t Exist: 50% - 70% Downside RiskSpruce Point believes that Porch Group (NASDAQ:PRCH), a re...