Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Spruce Point Capital Profile picture
Spruce Point Capital
@sprucepointcap
Activist Inv Manager founded by Ben Axler, Specializing in Forensic Short-Selling. Invest @ Your Own Risk, click on the link below to read our disclaimer
May 23, 2023 • 4 tweets • 3 min read
To believe in the $PERI story you have to believe that its $MSFT partnership (35% of sales) is sustainable. We don't. We found that it recently lost its top supply award. Not even a regional nominee this year. Image There is clear evidence the $PERI and $MSFT partnership is falling behind plan. Serious contract renewal risk coming up in 2024. They should have booked $450m of revenue by now, but only at $401m #risk #contract #adtech #promotion Image
May 23, 2023 • 4 tweets • 3 min read
We believe $PERI is a word salad ad-tech company. Be warned: it is dependent on $MSFT (35%) of sales for its survival. We lay out multiple indicators of a fracturing relationship with MSFT along with a recent removal of a partnership with Yandex $YNDX. There are limited… twitter.com/i/web/status/1… Image To believe in $PERI and its turnaround you have to take a leap of faith on management. However, we have serious reasons investors should be concerned. The CEO was COO at a disaster named ESC Medical Systems (Lumenis) where the SEC ultimately brought revenue fraud charges against… twitter.com/i/web/status/1… Image