Markets

Short-seller calls out Aerojet Rocketdyne for ‘aggressive accounting’ and says losing out to Jeff Bezos’ Blue Origin was its ‘death blow’

Short-seller Spruce Point Capital has targeted Aerojet Rocketdyne as having 40-60% downside. It says the rocket manufacturer has used “aggressive accounting” and that losing out to Jeff Bezos’ Blue Origin was its ‘death blow.’ Shares of the company dropped nearly 5% upon the report’s release Tuesday morning. Watch Aerojet Rocketdyne […]
Short-seller calls out Aerojet Rocketdyne for ‘aggressive accounting’ and says losing out to Jeff Bezos’ Blue Origin was its ‘death blow’