Bear’s Den Idea Forum: 80% hit rate; 28% avg. alpha
Report by MYST Advisors
Following stellar returns at MYST’s previous event, participants deliver another round of compelling ideas with significant downside potential. Interestingly, several stocks have relatively low short interest despite uncertain medium-to-long-term business prospects.
Coinbase (COIN) - Pressure from volume declines, increased regulation and continued share loss. TP $35 (50% downside).
SVB Financial (SIVB) - Shrinking Fed B/S to cause “VC / PE Winter” and stifle earnings growth. TP $240 (50% downside).
TuSimple (TSP) - Cash-burning autonomous driving software co. with inferior product years away from market. TP $1 (90% downside).
Yeti (YETI) - Material risk to outlook amid high inventories, slowing sales and raw material headwinds. TP $32 (30% downside).