Hedgeye CEO Keith McCullough is adding Medallia (MDLA) to the short side of Investing Ideas. Below is a brief note.
Staying with the SELL Software (IGV) view and looking to send SELL signals on Ami Joseph's favorite shorts (on bounces) which includes Medallia (MDLA).
Here's a summary excerpt from Ami's latest Institutional Research on the sketchy software name:
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"Remember, the underlying theme of the MDLA IPO was trying to convince investors that all of a sudden this 18 year old company was something nobody thought it was. Leslie (successfully) dressed up Callidus in exactly the same way and sold it to McDermott at SAP. If you are a bull, and you’re playing for an acquisition, just remember there are only so many McDermotts out there who will sign off an $8B acquisition with less than 6 weeks of due diligence." |
Sell the bounce to lower-highs,
KM
