Four presenters provided exclusive “best idea” short stock picks at the fourth Contrarian Investor Virtual Conference on Oct. 22, 2020.
An audio recording was made available to premium subscribers. Become one here for just $8/month or $88/year (those prices will increase soon, as of Nov. 1). There are numerous other benefits to premium subscribers that are identified at the link above.
Rob Medd of Bucephalus Research kicked off the proceedings with his short thesis: ACS, Actividades de Construcción y Servicios, S.A. (PINK:ACSAF), a Spanish engineering firm. “There are multiple problems in multiple stages of this company,” Medd said. “We think it’s on its way … to a sort of recapitalization/self-liquidation.”
Wes of Glasshouse Research presented the firm’s 10th short campaign and second of the year, targeting Columbia Sportswear (NASDAQ:COLM). The 39-page report, titled “Columbia Sportswear Headed for a Rocky Fall (Under Armour Part Deux)” was subsequently posted on their website.
Columbia Sportswear reported third-quarter earnings after the close on Oct. 29. Earnings, revenue, and sales outlook all fell short of analyst estimates. COLM shares sold off by about 17% in the after hours session.
Watch Wes’ presentation below via our YouTube channel:
- Siegfried Eggert of Grizzly Research had a short thesis about SPI Energy Co. (NASDAQ:SPI), calling the company an “egregious pump and dump.” The report is available on the firm’s website.
- Adam Gefvert of White Diamond Research presented eXP Realty (NASDAQ:EXPI), a stock that has risen over 400% since mid-May. The real estate brokerage is “massively overvalued right now,” even after pulling back from its peak, Gefvert said. The presentation can be downloaded here. Or watch it here via our YouTube channel:
The next virtual investing event takes place Dec. 10. Individual tickets will be made available soon but in the meantime the so-called season ticket option is available. Subscribers get access to the next five events for the price of four.
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