Bear’s Den Idea Forum
Common themes from MYST's latest buy-side event focused on cyclicals / companies trading at peak, potential “Trump losers” and companies facing inventory headwinds. The most compelling ideas include:
Bentley Systems (BSY) - Mining / renewables weakness to curb ARR growth; Trump could threaten IIJA tailwind.
Powell Industries (POWL) - Absurdly valued, highly cyclical business with peaking fundamentals & large insider selling.
Starbucks (SBUX) - Litany of earnings headwinds not fully appreciated under “abysmal” new CEO.
Toro (TTC) - Recent FY24 guidance a “Hail Mary” amid rising DSO’s / Inventory Days.
Edition: 182
- 22 March, 2024