Hedgeye CEO Keith McCullough adding Torrid Holdings (CURV) to the short side of Investing Ideas. Below is a brief note.
#Quad4 is when short-selling gets to be more profitable and fun...
With Total US Retail Sales #slowing in December vs. November we want to stay with Retail analyst Brian McGough's shorts that were already working.
"Valuation" for a slowing retail stock is not a catalyst in #Quad4.
Here's what our Retail Pro research product had to say on the name:
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"We still think sales and earnings expectations re too high in FY22, and Sycamore is still squatting on 75% of the shares outstanding that will likely be sold on any pop in the stock. Our bias here is still to the downside." |
KM
