BATON ROUGE, La., Dec. 21, 2017 /PRNewswire/ -- Prescience Point, a forensic research firm, has published a follow-up report on Celadon Group (NYSE: CGI), an Indianapolis-based truckload freight transportation provider. In this report, Prescience Point presents additional information which supports the conclusions presented in our prior reports on Celadon, many of which have already been confirmed by company announcements and audit withdrawals. Celadon's stock price has recently increased >300% since the installation of a new senior management team, despite evidence of deteriorating fundamentals. Prescience Point believes Celadon is a poorly understood company burdened by an overleveraged balance sheet, and that shareholders are failing to consider the significant risk of an imminent debt restructuring.
Read our complete report at http://presci.us/CGI-3
Prescience Point has a short position in Celadon and stands to benefit if its share price falls.
About Prescience Point
Prescience Point, LLC (www.presciencepoint.com) conducts forensic financial research to uncover companies misleading or defrauding investors. The firm's research process incorporates partnering with leading hedge funds, private investigators, accountants, lawyers and industry experts. Prescience Point is an investor activist that communicates its findings to regulators, shareholders, and other public constituents.
Prescience Investment Group (www.presciencefunds.com) is a value oriented, special situations investment manager.
Prescience Investment Group, LLC is a member of the Financial Industry Regulatory Authority, CRD number 152721.
SOURCE Prescience Point, LLC