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Ticker: ZM Company: Zoom Communications, Inc.

Spruce Point, Known for Short Selling, Issues a Rare Strong Buy on Zoom: 40% to 100%+ Upside, $1.2B Hidden Anthropic Stake, and a Bear Thesis It Says Has No Evidence

Spruce Point argues Zoom trades at 4.1x revenue and 16.1x free cash flow despite 77% gross margins and 40% FCF margins, while AI displacement fears and Teams competition have created a mispricing the firm calls one of its most compelling opportunities

Apr 24, 2026 6 min read
Ticker: BG Company: Bunge Global SA

Spruce Point Targets Bunge (BG), Alleging Debt-Fueled Growth, Weak Cash Flow and Accounting Risks, With 55%–80% Downside Seen

Spruce Point calls for an independent accounting investigation into Bunge Global SA, alleging the S&P 500 agribusiness giant has posted a -$1.6B cumulative cash flow deficit since 1999 while funding $8.6B in shareholder returns through debt — with 55–80% downside risk flagged

Mar 25, 2026 5 min read
Author: Spruce Point Capital Management Ticker: IPX

IperionX Ltd. - Spruce Point Capital Management LLC

Spruce Point exposes IperionX Ltd. (IPX) as a massively overvalued titanium tech company with unproven HAMR technology, questionable management history, and minimal revenue potential, suggesting 70-95% downside risk

Nov 12, 2025 3 min read
Author: Spruce Point Capital Management Ticker: YOU

Clear Secure, Inc. - Spruce Point Management

Spruce Point exposes CLEAR Secure (NYSE: YOU) with alarming findings: deteriorating business model, TSA digital ID threat, questionable accounting, and potential 32-58% stock downside in comprehensive research report

Apr 30, 2025 3 min read

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