Short-seller Spruce Point Capital targets WSP Global
Ben Axler, founder and CIO of Spruce Point Capital Management, joins BNN Bloomberg to discuss their latest report targeting Montreal-based engineering consulting company WSP Global (WSP TSX). He says WSP reports 'astronomically higher margins' than its peers and questions the company’s acquisitions, free cash flow and capex. He explains why Spruce Point sees a 25-50 per cent downside risk for WSP’s stock.