WSP Global Caught in Short Seller's Crosshairs, Shares Tumble [BNN Bloomberg (Canada)]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: BNN Bloomberg
Spruce Point, a prominent US fund that previously targeted Canadian firms Lightspeed Commerce Inc. and Nuvei Corp. on Wednesday criticized WSP Global's “opaque financial reporting.” WSP Global didn't immediately reply to a request for comment. Wednesday's share price move erased C$1.6 billion ($1.18 billion) in market capitalization from Montreal-based WSP Global, one of the largest firms in Canada's industrial sector. The stock was the worst performer in the S&P/TSX Composite Index. “Cash flow and earnings quality appear to be embellished by aggressive and problematic accounting revisions,” Spruce Point's report read, adding that the firm's team believes adjusted margins for earnings before interest, tax, depreciation and amortization are actually declining, instead of increasing. The company in late February reported an adjusted ebitda margin of 17.6% for 2023, up from 17.1% a year earlier. Adjusted ebitda rose to C$1.92 billion last year compared with C$1.53 billion in 2022,
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- Navigating Endless Aisle: Practical Approaches For Small Businesses [Forbes]Forbes
- Lightspeed Commerce Inc. (NYSE: LSPD) had its price target lowered by analysts at National Bankshares, Inc. from $20.00 to $15.00. They now have a "sector perform" rating on the stock.MarketBeat
- Lightspeed Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Lightspeed Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results Conference CallPR Newswire
LSPD
Sec Filings
- 4/11/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/11/24 - Form 144
- LSPD's page on the SEC website