A O Smith Corp.
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A O Smith Corp.
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A O Smith Corp.
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A O Smith Corp.
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A O Smith Corp.
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A O Smith Corp.
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A O Smith Corp.
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Research Overview

INDEX:
S&P 500
Sector:
Industrials
Position:
Short
Date:
May 16, 2019

Spruce Point has a history of identifying problems at sleepy U.S. industrial companies that are misunderstood by domestic analysts and investors. We have been investigating A.O. Smith (NYSE: AOS) and have concerns about the accuracy and sustainability of its financial results. The publication of a short report by J Capital Research corroborates some of our suspicions. We are short the stock, and are of the opinion that shares are worth approximately $17.75 - $27.30 per share, or 45% – 65% downside risk

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