Echo Global Logistics (ECHO) Mentioned Cautiously at Spruce Point

September 8, 2016 9:33 AM EDT

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Echo Global Logistics (NASDAQ: ECHO) was mentioned cautiously in a report by short seller Spruce Point. The report highlighted Echo founder's "checkered history" and painted the company is a roll-up that is very levered with decelerating organic growth.

Spruce Point sees 50%-60% downside.

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