Short Ideas: MYST’s clients generate impressive alpha
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.
Edition: 126
- 07 January, 2022