“The Aflac Pet Insurance Powered by Trupanion program plans are administered as a voluntary benefit to employees and generally available for selection once per year. Given we first introduced...
READ MORE >“When someone shows you who they are, believe them the first time” - Maya Angelou Imagine a company that SLASHED prices on its core product four times in a period of less...
READ MORE >Well, we can’t help ourselves, we’re going to ask: What about the company’s 3Q24 earnings warranted a 44.0% gain in TRUP shares since the company reported 2Q24 results? Yes, we hear you. You...
READ MORE >“We haven't decided how we'll report that next year as of yet. If it's more helpful to the market, we'll show it that way..” - Bryan Fairbanks, CEO Trex Company, Inc.. 10/24/24. 3Q24...
READ MORE >“Don't shut it off. I'm warning you.” Peter Venkman. Ghostbusters. Reitman, Ivan. Performances by Bill Murray. Columbia-Delphi Pictures. 1984 Our journey in BYON over the past 4-5 years has been for brief periods of time...
READ MORE >“Earthquake insurance is something I'm keen to take a whack at…collect premiums for a gazillion years, and if the big one ever does hit, declare bankruptcy and retire” Caton-Jones,...
READ MORE >The report below outlines feedback from our latest survey of lighting agents across the country.
READ MORE >After listening to TRUP’s management team drone on for 3-4 hours yesterday afternoon, one singular word keeps ringing through our heads: ENTITLEMENT. Not to worry, this note is not about to devolve into...
READ MORE >This is a lengthy follow-up report to our initial note on Freshpet, Inc.
READ MORE >Let’s start with an honest question: Why are TRUP shares up 50% in the past 3-months?It’s a perplexing dynamic. Presumably, the company’s 2Q24 results and outlook would have...
READ MORE >Let’s put ourselves in the shoes of a TREX investor this morning. You walked into the office yesterday thinking that TREX was one of the best secular growth stories in the industrial complex...
READ MORE >“Freshpet strengthens the bond between people and our pets so that we both live longer, healthier and happier lives while being kind to the planet” Freshpet Investor Presentation...
READ MORE >It’s been a quiet couple of months since the abrupt short squeeze (orchestrated) in TRUP shares in mid-to-late May. Anecdotally, inbound calls on the name have subsided and the stock has bounced between...
READ MORE >Assessing the winners and losers following the NAR settlement as we ask how Zillow or CoStar can win. Putting residential real estate services to the "Bezos Test" as we try to identify what changes and more importantly what...
READ MORE >TRUP shares have rallied an astonishing 50%+ over the past two-weeks. Just as the stock appeared poised to “break down” technically speaking, an unexpected sequence of events caused...
READ MORE >For the past week, we’ve been wondering why EXPI shares rallied roughly 20% following the company’s 1Q24 earnings release. Yes the results were better than expected but the KPIs, notably...
READ MORE >“And the comment that I'm making has more do with the amount of capacity that all the wood/plastic composite manufacturers have added over the years, and there's a number of smaller participants in...
READ MORE >We’re exhausted, so if you’re reading this and you’ve been a long time BYON shareholder then we know that you’re beyond spent. We initially wrote up BYON/OSTK nearly 5-yaers ago. In that time, the stock crossed $100 on three separate occasions, doubled off its...
READ MORE >“And as we start to see our margins expand, we will put the foot on the accelerator in terms of our overall pet acquisition, and we'll start to see that number moving in the right...
READ MORE >We have watched with faint amusement over the past 3-months as ATGE shares have come under pressure largely due to two short reports published by Safkhet Capital Research. The reports are well written, wonderfully illustrated (the AI use case...
READ MORE >The following report outlines our long thesis on CWH as well as the feedback from our latest survey of independent RV dealers across the country.
READ MORE >“We believe that the low market penetration of medical insurance for pets coupled with our vet-centric model allows for 20% revenue growth for at least another 10 years. Perhaps we could expect growth to slow once we would need to...
READ MORE >Last Friday was a rough trading day in the residential real estate services space for ardent supporters of the efficient market hypothesis. After all, the original case against the National...
READ MORE >“We expect to roll off a portion of our other business starting in 2025 subject to certain limitations in order to allow us to utilize capital for other purposes, but we do not control the...
READ MORE >“When we went into 2023, we assumed 12% because that was what we saw in '22. We actually saw a 15% level of inflation, which meant that we were already behind the curve, and we had to catch up again. We started in...
READ MORE >The “Minsky moment” has finally arrived for EXPI, as the company’s agent count declined for the first time in history. Never forget, for EXPI’s AGENTS it’s always...
READ MORE >“The truth is, for 2023 the only metric that matters for CWH and the RV industry at large is INVENTORY. Appropriate inventory channel management preserves economics for everyone in the space and positions the industry for growth once again...
READ MORE >“While we saw a surge in pet adoptions during the pandemic period, coupled with stimulus and facilitated discretionary spending, the current economic environment means many consumers are...
READ MORE >“It should be noted that for Pet Insurance, this Department generally considers renewal increases more than +30% to be unduly burdensome….It should be noted that generally DFS...
READ MORE >PAA Research surveys lighting agents across the country on a semi-annual basis. The latest survey was conducted in the first two weeks of December. 17 lighting agents responded to our...
READ MORE >SELL/SHORT
$230
SELL/SHORT
$55
LONG
$70
SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
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