Month: August 2014
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Alpha generated on short recommendations, update
We track performance for two sets of stock recommendations: 1) stocks from Company Reports and 2) stock warnings from Stock at Risk updates. The weekly Stock at Risk updates are based primarily on Stocks at Risk model results. The Company Reports are published after further fundamental analysis. 1. Performance of Stocks from Company Reports Short… Read more
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Kate Spade: Trees don’t grow to the sky
Kate Spade’s (KATE) stock closed down hard after rising 10% this morning on a strong earnings report. What changed in a few short hours? The press release revealed healthy 49% Y/Y sales growth and a 5 cent EPS when the market was expecting slower growth and only breakeven results. But when Craig Leavitt (Co-Pres and COO)… Read more
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A new day for short investors?
“Five Years of Futility Breaking for Bears as Shorts Drop” – Bloomberg. The article describes a positive turn for short investing. “You were seeing the winners win and the losers lose so we actually thought that this could be a really good year for shorting,” Mark Yusko, CEO of $4bn Morgan Creek Capital Management LLC Read more