tags:

• analyst/spruce-point-capital
• thesis/fraud ...

From The Bear Cave

Spruce Point Capital published on Hims & Hers Health (NYSE: HIMS — $1.91 billion), a telehealth platform “focused on providing modern personalized health and wellness experiences to consumers.” Spruce Point called the company “a celebrity-filled stock promotion in men's health” and raised concerns about whether the company can maintain its growth amid “enormous competition.” In addition, Spruce Point said that the elimination of prescription requirements for some of the company’s top-selling drugs will pose an additional headwind for the company.