Spruce Point Capital Management Releases A Strong Sell Research Opinion On LHC Group, Inc. (Nas: LHCG)
LHC Group - common stock (LHCG)
Last lhc group - common stock earnings: 2/26 04:30 pm
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US:NASDAQ Investor Relations:
investor.lhcgroup.com/investor-relations
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Source: PR Newswire
NEW YORK, Jan. 15, 2020 /PRNewswire/ -- Report entitled "Treating Investors ALMOST Like Family" outlines how LHC Group, Inc. ("LHCG") faces 35%-65% downside risk to approximately $60-$90 per share. The full contents of the report can be reviewed at www.sprucepointcap.com. Through forensic accounting and a close analysis of company filings, Spruce Point finds evidence that performance at Almost Family ("AFAM") – another home health service provider with which LHCG conducted a merger of equals in 2018 – has seriously deteriorated since the acquisition. With AFAM now seemingly experiencing negative sales growth, Spruce Point also observes signs that management is taking measures to obfuscate this contraction, and to avoid including AFAM in its calculation of company-wide organic growth. We believe that the market misunderstands LHCG's true growth profile as a result, and harbor serious doubts as to management's credibility and the continued viability of its roll-up strategy.AFAM Appears
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