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It’s kind of remarkable that TRUP shares are down a meager (-5.4%) since the company reported 4Q22 results, delivered disappointing 1Q23 and 2023 guidance, and announced that it was unwinding the relationship with...
READ MORE >Amidst all of the gibberish about “net promoter score”, Bain consulting books, and nonsense technological assertions, there are some core realities related to EXPI that probably should be...
READ MORE >I'm pleased to report that, as anticipated, the inventory recalibration was completed by year-end. With good participation in the early buy season, we entered the year an upcoming season with inventory...
READ MORE >“It’s absolutely ridiculous that anyone would buy shares in a company after reading an earnings release instead of the annual report” Charlie Munger (Probably) “As...
READ MORE >“We had probably the only thing that was a little bit of a surprise is we had a little bit higher bad debt than we expected. That's typical. Now with the benefit of hindsight, when we have...
READ MORE >“We said on retail 370,000 to 390,000 is our expectation. Wholesale 325,000 to 350,000.” Brian Michael Hall, CFO, LCI Industries. 2/14/23. 4Q22 Earnings Conf. Call “The one thing that I'm noticing that is different than any other soft period...
READ MORE >The year is 2023 and TRUP is no closer to generating profitability than it was when the company went public back in 2014. It’s a remarkable achievement. In 2014, TRUP generated Adjusted EBITDA of (-$10MM), not too far off from the meager...
READ MORE >“And I'd also say, with the expansion of our nursing schools going forward, probably is somewhere around an incremental investment of $150 million in '23 compared to what we ran in '22. We didn't call...
READ MORE >Is anyone else tired of hearing the phrase “product vitality” from this management team? There were 10 references to “product vitality” during AYI’s 1Q23 earnings conference call, which means if you were...
READ MORE >Attached is a report outlining feedback from lighting agents across the United States. It appears the lighting industry is headed towards a significant slowdown and the pricing gains that have driven growth for the past 18-24 months are fading...
READ MORE >“Let me map it out because I know it can be a little difficult. So we had going through the third quarter 7% rate. During the third quarter and into October, we did additional filings, which now brings what we...
READ MORE >There has been a covenant of sorts between TRUP management and the investment community, at least those that are willing to take a leap of faith on the company’s stock. TRUP management crafted a narrative around low TAM penetration of pet insurance in the...
READ MORE >Here are some fun facts: EXPI missed consensus EBITDA expectations in four of the past five quarters 12-months ago the consensus estimate for EXPI’s FY22 EPS was $0.78. We now estimate...
READ MORE >“You think you’re better than me?!!” Now former TREX employee to Bryan Fairbanks, President and CEO. Trex Company, Inc. (Probably) Imagine you worked for TREX at their...
READ MORE >“Where’s all the stores? Ain’t Dere no more!” Benny Grunch and the Bunch. WWLTV New Orleans https://www.youtube.com/watch?v=gb_dE9oKSN4 NINETEEN. That’s the...
READ MORE >Heading into UFPI’s 3Q22 earnings release, we thought the company’s quarterly results would show some early cracks and indicators of significant pricing pressure, volume deceleration, and gross margin compression to come.
READ MORE >Over the past week, TRUP shares have been noticeably weak, underperforming the broader indices by roughly (-14%). In the past we would expect a high beta, TAM/growth story like TRUP to generate 5-10% returns in a scenario in which the indices rallied...
READ MORE >Attached please find a report which outlines the findings from our latest survey of outdoor power equipment dealers. We are reducing our estimates for FY23 and FY24. We have lowered our price objective for HUSQ.B to $50, which is based on a...
READ MORE >“We believe UFPI is a great long-term investment. I don't want you to wake up 1 day and say, "I wish that Matt had told me more about that UFPI opportunity." Regret can be tough. So I'm telling you...
READ MORE >“By all measures, Trex performed exceedingly well in the second quarter.” Bryan Fairbanks, President and CEO. Trex Company, Inc. 8/8/22. 2Q22 Earnings Conf. Call If you have a “Wall of Fame”...
READ MORE >It’s kind of remarkable that TRUP shares are down a meager (-5.4%) since the company reported 4Q22 results, delivered disappointing 1Q23 and 2023 guidance, and announced that it was unwinding the relationship with...
READ MORE >Amidst all of the gibberish about “net promoter score”, Bain consulting books, and nonsense technological assertions, there are some core realities related to EXPI that probably should be...
READ MORE >I'm pleased to report that, as anticipated, the inventory recalibration was completed by year-end. With good participation in the early buy season, we entered the year an upcoming season with inventory...
READ MORE >SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
LONG
$128
SELL/SHORT
$50
SELL/SHORT
$50
SHORT
$50
PAIR TRADE
$10
PAIR TRADE
$30
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$14.00
SHORT
$22
SHORT
$100
