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Z: Game Changer? The Age of Upstream Might Finally Be Upon Us As Brokers Attempt to Reassert Control over the Flow of...

May 15th, 2015

“Beware the the “tions” of 2015, Especially Those Related to Project Upstream….”-          PAA Research, 1/29/15“There’s something brewing here that really makes me think that...

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Z: Purposeful Obfuscation of Slowing Metrics and Other Key Takeaways from Zillow’s Earnings Release and Analyst Calls

May 13th, 2015

Heading into the company’s 1Q15 earnings call we thought we might get the following from Zillow: Messy 1Q15 results - check New metrics that would be impossible to reconcile with historical...

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Z: Stretching to Achieve Growth and Shrinking the TAM – Zillow’s Inventory Issues Result in New Policies that...

April 24th, 2015

For the past year, we have been arguing that Zillow has a major advertising inventory problem.  The growth of the company’s premier agent featured listing program combined with deals Zillow has...

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Z: Is It Time to Question This Management Team? Taking our Price Objective to $50

April 15th, 2015

Well that was interesting.  This is not our first rodeo in a heavily shorted battleground stock, but for some reason each experience often reveals something new about potential trading action.  Today’s action certainly underscores a...

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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