ZU: It Really Was Blue Nile Redux, Closing out ZU Short Idea with a 55.9% Gain, 64.6% Alpha Generation
February 13th, 2015
Approximately 6-months ago we introduced ZU as a short idea. At that time our thesis was as follows:
Zulily’s TAM is HUGELY overstated. Bulls make the case that the markets in which Zulily participates generated...