06/15/20 03:35 PM EDT

WING: We Are Removing Wingstop From Investing Ideas

Takeaway: We are removing Wingstop long from Investing Ideas

A quick note from Hedgeye CEO Keith McCullough:

Same risk management idea with WING as the last Alert on gross and net exposure...

This particular decision (taking a small loss) has nothing to do with our view on the company and everything to do with the Factor Exposures the equity has relative to market risk with:

A) The Russell 2000 back in #crash mode with

B) Russell Volatility (RVX) at 53 here!

Being long Small Cap Equity Beta is just not what I want here. Small losses become bigger losses, quickly.

- KM

WING: We Are Removing Wingstop From Investing Ideas

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