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Safety inspection finds Council Bluffs homeowner s nearly new pool deck a hazzard

Safety inspection finds Council Bluffs homeowner s nearly new pool deck a hazzard
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Sturm Ruger & Co Inc (RGR) Q4 2020 Earnings Call Transcript

Operator Ladies and gentlemen, thank you for standing by, and welcome to the Sturm Ruger fourth quarter 2020 earnings conference call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Chris Killoy, Chief Executive Officer. Thank you. Please go ahead, sir. Christopher J. Killoy President and Chief Executive Officer Good morning and welcome to the Sturm, Ruger, & Company year-end 2020 conference call. I would like to ask Kevin Reid, our General Counsel, to read the caution on forward-looking statements. Then Tom Dineen, our Chief Financial Officer, will give an overview of the fourth quarter and 2020 financial results. And then, I will discuss our operations and the state of the market. After that, we ll get to your questions. Kevin?

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The SPAC Short Boom Is on Its Way

The great boom of special purpose acquisition companies in 2020 is creating another one in its wake: a boom in SPAC shorts. So far this year at least six companies that went public by merging with a shell company, known as a SPAC, have been targeted by short sellers. And short sellers, who are using SPACs as a screen to look for ideas, say more are on the way. “We have a few SPAC ideas we’re kicking around; lots of dogshit there,” said Muddy Waters’s Carson Block, who in November came out with a short against MultiPlan. In a research report that month, Carson said MultiPlan was losing its biggest client at the same time the “juice” had been taken out of it by its private equity owners. (The private equity owner, Hellman & Friedman, said it was committed to the company and remains its biggest shareholder.)

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