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Tag: Siegfried Eggert

Short Ideas Move Stocks at Fourth Virtual Conference

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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Hebron Technology Shares Drop After Report At Contrarian Investor Virtual Conference No. 2

The Contrarian Investor Podcast, in partnership with ValueWalk.com and Breakout Point, hosted their second virtual conference today.

Shares of Hebron Technology (HEBT) sold off sharply after a presentation from Siegfried Eggert, CEO of Grizzly Research. “We believe the company is operating an insider enrichment scheme,” the presentation says. “All major transactions of the last year were announced and portrayed as arms-length, but we could link them all back to company insiders.”

HEBT opened around $20.80 per share on the NASDAQ this morning, already lower than yesterday’s close of $22.59. The stock sold off more sharply after Grizzly’s report, dropping from about $20.70 to around $17. At the time of this writing HEBT was trading more than 23% below yesterday’s close.

Update: Shares of Madison Square Garden Entertainment (MSGE) and Madison Square Garden Sports (MSGS) rallied after the presentation by Jonathan Boyar of Boyar Value Group.

Update 2: Shares of Vista Oil (VIST) spiked after David Neuhauser of Livermore Partners presented his bullish thesis on the company.

Update 3: At least one law firm has announced an “investigation on behalf of investors” in Hebron Technology.

The conference’s other presenters focused on long ideas:

  • Andreas Aen of Symmetry spoke about Danish “mini-conglomerate” North Media A/S, which trades on the Copenhagen stock exchange under ticker symbol NORTHM;
  • Neuhauser of Livermore Partners also presented Solgold (SLGGF)

Quick Highlights From Our YouTube Channel

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