EVENTS:   Acceleration in the Energy Transition - David Scott/CHA-AM Advisors - 12 May 26     ROADSHOWS: Consumer Research & Industry Trends focused on US Retail, E-Tail, and Consumer Products Companies - Scott Mushkin /R5 Capital   •   London   07 - 08 May 26       US Equity Short Research & Strategy - Zach Shannon /Corto Capital Advisors   •   New York   18 - 19 May 26       Investing in Constraint: Governance, Scarcity, and the Next Phase of the Energy Transition - François Boutin-Dufresne & Félix-A. Boudreault & Lenka Martinek /Sustainable Market Strategies   •   London   18 - 19 May 26      
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Company Research

Short Ideas: MYST’s clients generate impressive alpha

Report by MYST Advisors

MYST hosted 23 Formal Events in 2021 which yielded 73 short ideas - 83% of these calls yielded positive alpha with ~21% average alpha over a 3-month period (12-month figs: 77% generated positive alpha with 21% avg. alpha). Ideas that remain compelling include:

United Parcel Service (UPS) - Multi-yr headwinds from increased competition, wage inflation and airfreight rate normalisation.
Elanco Animal Health (ELAN) - Questionable M&A strategy, bloated balance sheet and SEC probe to pressure results.
IPG Photonics (IPGP) - Anticipate precipitous ASP declines due to low-cost Chinese competitors.