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WPO: The Irrational Bid Scenario Now Comes Into Play and Catalysts Are Limited, Closing Out Our Short Idea With a...

August 6th, 2013

This is something we obviously did not see coming, but based on the action in WPO shares over the past 6-months perhaps someone else did.  In retrospect, we should have given greater attention to...

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WPO: The Song Remains the Same, Lowering Estimates to Reflect Weakening Prospects for Kaplan

August 3rd, 2012

In many respects, WPO’s 2Q12 earnings results represent a complete validation of our short thesis on the stock.  At a time when it appears most bulls on the stock own it based on some theoretical breakup value, two...

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WPO: 10-K High (and Low) Lights; 2012 Could Be As Good As It Gets for Quite Some Time, Revised Estimates

March 2nd, 2012

Admittedly, WPO’s 4Q11 results beat our estimates by a wide margin.  Normally this type of EPS upside would yield a more meaningful reaction in any given company’s stock price – that did not happen.  WPO...

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WPO: Steady As She Goes…. In Decline

November 4th, 2011

In many respects, WPO’s 3Q11 earnings results represent a complete validation of our short thesis on WPO shares.  At a time when it appears most bulls on the stock own it based on some theoretical breakup value, two unalienable truths remain clear: 1) WPO management has no...

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Current Ideas

EXPI

SELL/SHORT

$4

HUSQ.B

SELL

$50

UFPI

SELL/SHORT

$45

TREX

SHORT

$18

PRDO

SELL/SHORT

$5

STRA

SELL/SHORT

$42

CWH

LONG

$75

OSTK

LONG

$128

CM

SELL/SHORT

$50

RY

SELL/SHORT

$50

ARC

LONG

$5.50

AYI

SHORT

$50

BIG

SHORT

$28

WWE

LONG

$65

XOXO

LONG

$37

RLGY

PAIR TRADE

$10

RDFN

PAIR TRADE

$30

BCO

LONG

$35

ING.PA

SHORT

$35

TRUP

SELL/SHORT

$10

CTC

SHORT

$101

ATGE

SHORT

$15

HCG.TO

SHORT

$0

RON.TO

SHORT

$9

ESI

SHORT

$0

BGG

PAIR - LONG BGG/SHORT TTC

25%

TTC

PAIR - LONG BGG/SHORT TTC

25%

Z

SHORT

$14.00

NA.TO

SHORT

$22

ZU

SHORT

$15

TRLA

SHORT

$20

MCRS

SHORT

$31

APOL

SHORT

$35

OPEN

SHORT

$30

KNL

PAIR - LONG KNL/SHORT MLHR

25%

CSGP

SHORT

$100

GCA

LONG

$8

IPSU

LONG

$20

MLHR

SHORT

$22

LOOP

PAIR - LONG CSGP/SHORT LOOP

40%

THQI

LONG

$35

WPO

SHORT

$275

COCO

SHORT

$0

HNI

SIG

RGR