Below is a note from Hedgeye CEO Keith McCullough on why we're adding Health Equity (HQY) to the short side of Investing Ideas today:
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"In a US stock market that hasn't had many down days lately, it's been tough sledding on the short side. As US stock market bulls, we get why the stock market is pulverizing 2017 bears. But, as fundamental short sellers of specific names we identify with downside risk, we will keep sledding on those idiosyncratic fronts. One of our Healthcare Research Team's recent Best SELL Ideas (Institutional Research product) has been Health Equity (HQY). As the Risk Manager of entry points on new ideas, my job is to wait & watch for the top-end of the @Hedgeye Risk Range. In HQY I'll signal that today. Here are some of the core fundamental risks we see to HQY's stock price: 1. SLOWER GROWTH IN HDHP/HSA ACCESS 2. HDHP/HSA TAKE-UP CHALLENGED 3. AN HSA IS NOT A 401(K) Sell green, KM" |
