Takeaway: Please note we are removing UNFI (short) from Investing Ideas today.

Below is a brief note from Hedgeye CEO Keith McCullough:

With UNFI down another -3% today, making new lows (in a very green tape!), I’ll book the win for our analysts Howard Penney and Shayne Laidlaw on this longer-term short idea. We may revisit it at a higher price.

(Editor's Note: UNFI is down over 51% since we added it as a short in June.)