EVENTS:   Semiconductors: Bubble Burst or Bear Market Trap? - David Scott/CHA-AM Advisors - 17 Sep 26     ROADSHOWS: US, European and Asian Equity Short Ideas - Robert Prather /Vision Research   •     15 Sep - 08 Oct 26      
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The Cut

Fortnightly publication highlighting latest insights from IRF providers

Company Research

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).

Edition 137 - 10 Jun 22