Hedgeye CEO Keith McCullough is adding Dufry (DUFRY) to the long side of Investing Ideas. Below is a brief note.
So, from a Full Investing Cycle #process perspective, to review what we're doing today (up your execution game):
A) Clean up the mess
B) Ride winners
C) Incrementally add more #Quad2 exposures
One obvious way to do that is buy back Duty Free (DUFRY) which got smoked alongside Small Cap Factor exposures and the Delta Variant during #Quad3 in Q3.... and is a Long again with Small Caps and the re-opening into #Quad2.
Retail analyst Brian McGough recently hosted the DUFRY management team and has been bullish on The Call @Hedgeye on the name alongside Sean Jenkins’ (our Lodging/Leisure analyst) #Quad2 research callouts all week.
Timing matters,
KM