Hedgeye CEO Keith McCullough adding Dillard's (DDS) to the short side of Investing Ideas. Below is a brief note.
All of these crap retail Factor Exposures ripped the Macro Unaware (on the short side) at this time last year...
(That’s when we were long of the low-quality, high short-interest, squeeze plays)
Now, like good Bayesian Boys who are Signal & Quad dependent, we are doing the opposite of what was #Quad2, shorting these secular losers in #Quad4.
Here's Retail analyst Brian McGough's latest update on Dillards (DDS) from his world class Retail Pro research subscription (I am long of McGough in all Quads):
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Dillard’s (DDS) | Upping to Best Idea Short List. Two weeks after going short DDS, we’re adding to our Best Idea list. We were long DDS earlier this year, and got off too early, but think it’s time to go the other way. Bulls will make the argument that the company is slowly taking itself private. But then why did it just pay out ~50% of its cash balance in the form of a special dividend instead of buying back its stock? |
Sellem at lower-highs,
KM