INVH: Adding Invitation Homes (INVH) to Investing Ideas (Short Side)

Hedgeye CEO Keith McCullough is adding Invitation Homes (INVH) to the short side of Investing Ideas. Below is a brief note.

Shorting stocks at any time and price is for amateurs...

Timing matters, especially when grossing up top short ideas.

Rob Simone recently added Invitation Homes to his SELL list, and it just bounced to a lower high. That's when you get more aggressive (selling).

Here's an excerpt from Rob's REITs Pro research product on the name:

We are adding Invitation Homes (INVH) to the Best Idea Short list, as we think the recently revealed whistleblower case in San Diego is a much bigger deal potentially than the market is currently discounting. This will be a controversial one for sure as INVH is a consensus long trade (and we recently had on the long bench), but we think (1) all the more reason to short it here given both the headline and real financial overhang mixed with a Quad 4 macro setup, and (2) clients need to be thinking about this issue critically.

KM