First and foremost we wanted to wish everyone a happy, healthy, and prosperous new year and thank you for your continued interest in our research. While there was plenty to be pleased about from a performance...
READ MORE >Coming into MCRS’s first “Investor Day” in over 13 years, we thought the burden of proof very much was on management to articulate why the proliferation of mobile POS solutions, mobile ordering, and cloud based iOS systems would not negatively impact the company’s...
READ MORE >It’s been nearly four months since we first introduced MCRS as a short idea. Since that time the stock has declined (-13%) compared to a 1% gain for the S&P 500 over the same period. As so often is...
READ MORE >It seems like only 5-6 months ago we were lamenting a similar dynamic surrounding WWE shares. Here we are again, with WWE shares plumbing decade lows even though there are ample signs that the company’s core product continues...
READ MORE >Heading into XOXO’s 3Q12 earnings release we thought we knew the following: The Knot and the Bump franchises remained incredibly strong from a consumer engagement perspective Investors had...
READ MORE >At no point over the past 3-years have we felt that we were in denial about the issues that THQI faced in trying to turn the company’s earnings prospects around. We were intimately aware of the company’s disproportionate exposures to the very segments of the video game...
READ MORE >If you told us heading into the earnings print that Zillow would have added more than 4,000 premier agent subscribers in the third quarter, we almost certainly would have expected Zillow shares to trade higher. Obviously that has not...
READ MORE >Heading into the company’s 3Q12 earnings release, OPEN shares had rallied 31.8% over the past 3-months compared to a meager 3.4% gain for the Nasdaq. Clearly investor enthusiasm for OPEN shares continued to increase over the past...
READ MORE >We had to laugh. Approximately two weeks ago, rumors started to surface that YHOO under the stewardship of Marissa Mayer, might consider an acquisition of OPEN. Outside of combining one high margin, mature business facing...
READ MORE >In some respects, given all that has happened over the past 2-3 years in the for-profit postsecondary education space it’s hard to imagine that COCO is still hanging around. After all, in an era when brand, price, and return...
READ MORE >It’s hard to put our finger on it as to what element of MCRS’s 1Q13 earnings results added further validation to our short thesis, but there are more than a few signs there. In our view, there were four or five items in the company’s 1Q13 results that should be viewed as...
READ MORE >Losing Altitude and Gaining Speed…..At the simplest level, here are the five things that you need to know about ESI following the company’s 3Q12 earnings release and fall term enrollment...
READ MORE >With one simple statement, the management of Urban Outfitters changed the entire perception surrounding the sustainability of incumbent providers of PC based POS software solutions to restaurants and retailers. On September 27th at the Urban Outfitters investor day, the...
READ MORE >In the housing depression over the past five years, there has been one segment of the marketplace that has performed quite well – rentals. Historically, the rental property market has been largely comprised of...
READ MORE >The Spring/Summer 2012 selling season will not be remembered fondly by participants in the outdoor power equipment marketplace. Severe drought through much of the US and ongoing economic in weakness led...
READ MORE >On Tuesday, October 16th APOL will kick-start the earnings season in the for-profit postsecondary education sector. Investor expectations for the company’s results, particularly surrounding new...
READ MORE >SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
LONG
$128
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0