Mammoth Energy Services (TUSK) has been one of the better short calls for Hedgeye Energy analyst Alec Richards recently. Does it make sense for investors to continue pressing the short?
As Richards explains in the clip above, it’s tempting, particularly given the company’s recent withdrawal from hurricane recovery efforts in Puerto Rico.
But lack of a near-term catalyst is giving him pause.
“This thing is pretty much dead in the water,” Richards explains.
“I don’t think there’s any catalyst to take it higher – or lower, really. I think the worst has happened.”
Watch the full clip above for more.