Bear’s Den Idea Forum: 80% hit rate; 28% avg. alpha
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 June, 2022