Below is a chart and brief excerpt from today's Early Look written by REITs analyst Rob Simone.
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... Speaking of short ideas, Americold (COLD) reports this evening and I have been betting on both a miss on the quarter and a poor FY22 outlook, before expectations get reset lower. USDA cold storage commodity data for January remained in a downtrend with no demonstrable signs of recovery. This very directly pressures COLD’s top-line, and is in an even worse place than when we first went short last year. Stay short this one for now. |
