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.
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SOURCE Prescience Point, LLC