W | Wayfair Lightning Rod Black Book

Takeaway: Given the controversy around W, we’re releasing a stand-alone Black Book to stress test the increasingly divergent Bull vs Bear cases

Given the controversy around Wayfair, we’re releasing a stand-alone Black Book on Monday, September 14th to stress test the increasingly divergent Bull vs Bear cases. We’ll host a call and presentation at 1pm ET.

 

As background, we published a 90-page Black Book on the entire Home Furnishings industry last week and included our view that Wayfair probably does not need to exist, and is unlikely to turn a profit -- ever. To say that this view proved to be a lightning rod is probably an understatement, especially given the controversy inherent to the name.

 

As such, we’ve been peeling back the layers of this story, and will release a stand-alone Black Book that scrutinizes every line of the Wayfair financial model.

We’ll detail over TRADE, TREND and TAIL durations where we are coming out on items including the following…

 

1) Market size, by category

2) Revenue capacity and trajectory

3) Customer acquisition costs, customer profitability, and churn

4) Eventual landing place for Gross Margins

5) Operational infrastructure, and capital needed to break even

6) The difference in how this name is being viewed by Retail analysts vs Internet analysts

7) Plus much more…

 

Participating Dialing Instructions

Toll Free:

Toll:

Confirmation Number: 13619412

Materials: CLICK HERE

 


Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more

6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

read more

Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

read more

Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

read more

A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

read more

Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

read more

Europe's Battles Against Apple, Google, Innovation & Jobs

"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”

read more

An Open Letter to Pandora Management...

"Please stop leaking information to the press," writes Hedgeye Internet & Media analyst Hesham Shaaban. "You are getting in your own way, and blowing up your shareholders in the process."

read more

A 'Toxic Cocktail' Brewing for A Best Idea Short

The first quarter earnings pre-announcement today is not the end of the story for Mednax (MD). Rising labor costs and slowing volume is a toxic cocktail...

read more

Energy Stocks: Time to Buy? Here's What You Need to Know

If you're heavily-invested in Energy stocks it's been a heck of a year. Energy is the worst-performing sector in the S&P 500 year-to-date and value investors are now hunting for bargains in the oil patch. Before you buy, here's what you need to know.

read more