ZI: Adding ZoomInfo to Investing Ideas (Short Side)

06/22/20 03:24PM EDT

Hedgeye CEO Keith McCullough is adding ZoomInfo (ZI) to the short side of Investing Ideas. Below is a brief note.

I guess some of the Hoodies are thinking ZoomInfo (ZI) is like our Long Idea, Zoom (ZM)? Who knows, but the stock is up into the close and we sell on green...

Here's a brief summary excerpt from Technology analyst Ami's Joseph newest SELL idea:

"The net is we believe the company has tail risks on the business model, that its current growth rate incorporates a re-pricing period that is not reflective of adoption demand, that S-1 data points themselves point to a period of steep churn in 2019, and other elements wherein we remain convicted on our ZI Short."
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