SumZero News Archive

  • Bearish Call on Garmin (Nasdaq: GRMN) Shares

    Published: May 17, 2012

    (This is a highly-abbreviated version of a full SumZero report republished with the author's consent)

    Contributor: Arnold Kang
    Firm: Private Fund. New York, NY.

    Recommendation: Sell Shares of Garmin (Nasdaq: GRMN)
    Timeframe: 1 to 2 Years
    Recent Price: $43.75
    Target Price: $25.0...

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  • Featured Call: Short Shares of Tesla (Nasdaq: TSLA)

    Published: May 03, 2012

    (This is a highly-abbreviated version of a full SumZero report republished with the author's consent)

    Contributor: Eric Kriegstein
    Source: Private Fund.

    Recommendation: Short Tesla (Nasdaq: TSLA)
    Timeframe: 6 Months to 1 Year
    Recent Price: $33.00
    Target Price: $16.00

    Quic...

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  • Contrary Call: Go Short Zynga Shares

    Published: April 26, 2012

    (This is a highly-abbreviated version of a full SumZero report republished with the author's consent)

    Contributor: John Pulliam
    Title: Portfolio Manager
    Firm: Vela Capital
    Location: New York, NY

    Undergrad: Wheaton College
    Post Grad: Columbia Business School

    Recommendation: S...

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  • Quick Pitch: Long on Sanofi (NYSE: SNY)

    Published: April 26, 2012

    SNY

    (This is a highly-abbreviated version of a full write-up pulled from the SumZero community)

    Source: Hedge Fund
    Location: Southeastern USA

    Recommendation: Long
    Current Price: €56.00
    Target Price: €70.70
    Timeframe: 2 Years+

    Quick Thesis
    The market views Sanof...

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  • Quick Pitch: Long on Marvell (Nasdaq: MRVL)

    Published: September 11, 2012

    Marvell (Nasdaq: MRVL)
    Current Price: $15.40
    Target Price: $20.00
    Recommendation: Long
    Source: Hedge Fund. Boston, MA.

    Summary
    Marvell is a great semiconductor company with strong IP which has been hammered due to exposure to HDD, RIMM as well as the effects of an earthquake and massive f...

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  • Quick Pitch: Shorting China Through the FXI

    Published: September 11, 2012

    FXI

    Contributor: John Pulliam
    Title: Portfolio Manager
    Firm: Vela Capital
    Location: New York, NY
    Notable Stock Expertise: ZNGA, YUM, RMS

    Undergrad: Wheaton College
    Post Grad: Columbia Business School

    Recommendation: Short iShares FTSE/Xinhua China 25 Index (NYSE: FXI)
    Timeframe: 6 Months ...

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  • Quick Pitch: Long on Caesar (NYSE: CZR) Bonds

    Published: September 11, 2012

    CZR

    Contributor: Matthew Stolzar
    Firm: Independent
    Location: New York, NY

    Recommendation: Long unsecured CZR 5.75% 10/1/17 notes
    Timeframe: 2 Years and Beyond

    Quick Thesis
    Caesars Entertainment Corporation (the “Company”), formerly known as Harrah’s Entertainment, is a casino entertainment ...

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  • Quick Pitch: Long on AstraZeneca (NYSE: AZN)

    Published: September 11, 2012

    AZN

    AstraZeneca (NYSE: AZN)
    Current Price: $45.00
    Target Price: $62.00
    Source: Hedge Fund. Boston, MA.

    Quick Thesis
    2011 has seen an increased focus on cash generation and returns within the sector, in anticipation of the 2012 trough combined with the continued decline in global markets sentim...

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  • Contrary Call: Sell Apple (Nasdaq: AAPL)

    Published: September 11, 2012

    Contributor: John Griffin
    Title: Portfolio Manager
    Firm: Wildehond Capital
    Location: New York, NY
    Notable Stock Expertise: ZLC, CVS, GME

    Undergrad: Colby College
    Post Grad: Wharton, University of Pennsylvania

    Recommendation: Short
    Timeframe: 6 Months to 1 Year
    Recent Price: $630.00
    ...

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  • SumZero Pair Trade: Fast Food Restaurants

    Published: September 11, 2012

    Jack in the Box (Nasdaq: JACK)--Long
    Red Robin Gourmet Burgers (Nasdaq: RRGB)--Short

    Jack in the Box (Nasdaq: JACK)--Long
    Current Price: $23.86
    Target Price: $46.32
    Source: Hedge Fund. New York, NY.

    Quick Pitch: With the sale of 332 company-owned stores...

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  • Quick Pitch: Corning (NYSE: GLW) -- Long

    Published: September 11, 2012

    GLW

    Member: Andrew Gordon
    Title: Other
    Firm: Formerly at JP Morgan Capital Partners
    Focus: Deep Value
    Location: New York, NY
    Undergrad: Harvard College
    Post Grad: Columbia Business School (Current)
    Notable Stock Expertise: GMCR, GLW, TRW

    Corning (NYSE: GLW) Details
    Recommendation: Long
    Ti...

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  • Interview: Ryan Morris (Meson Capital Partners) Part 2

    Published: September 11, 2012

    RLD

    Member: Ryan Morris
    Title: Portfolio Manager
    Firm: Meson Capital Partners
    Focus: Deep Value
    Location: Los Angeles, CA
    Undergrad: Cornell University
    Post Grad: Cornell University
    Notable Stock Expertise: FMD, PNCL, INFU, ATPG, ZAGG

    (part two of the continued interview with Ryan Morris)
    ...

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  • Interview: Ryan Morris (Meson Capital Partners) Part 1

    Published: September 11, 2012

    Member: Ryan Morris
    Title: Portfolio Manager
    Firm: Meson Capital Partners
    Focus: Deep Value
    Location: Los Angeles, CA
    Undergrad: Cornell University
    Post Grad: Cornell University
    Notable Stock Expertise: FMD, PNCL, INFU, ATPG, ZAGG

    SumZero: What is the Ryan Morris investment ...

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  • Quick Pitch: Long on Dell (Nasdaq: DELL)

    Published: September 11, 2012

    (This is a highly-abbreviated version of a full write-up pulled from the SumZero community)

    Source: Hedge Fund
    Location: Dallas, TX

    Recommendation: Long
    Current Price: $17.30
    Target Price: $24.50
    Timeframe: 1-2 Years

    Quick Thesis:
    The market still views thi...

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  • Quick Pitch: Deckers Outdoors (Nasdaq: DECK)

    Published: September 11, 2012

    (The following is an abbreviated pitch pulled from the SumZero community)

    Source: Eden Chen
    Firm: Lightmark Capital
    Type: Hedge Fund
    Location: Los Angeles, CA

    Recommendation: Long
    Recent Price: $68.66
    Target Price: $95.00
    Timeframe: 6 Months to 1 Year

    Quick Thesis
    At curr...

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  • Quick Pitch: Conoco-Phillips (NYSE: COP)--Long

    Published: September 11, 2012

    COP

    (The following is a condensed write-up pulled from SumZero)

    Source: Hedge Fund.
    Location: New York, NY

    Recommendation: Long

    Current Price: $77.29
    Target Price: $90.00
    Timeframe: 1-2 Years

    Thesis:
    We have viewed the shares of ConocoPhillips (NYSE: COP) as undervalued for s...

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  • Quick Pitch: E-Trade Financial (Nasdaq: ETFC)--Long

    Published: September 11, 2012

    Source: Victor Bonilla
    Firm: Formerly at Calypso Capital Management
    Education: Wharton (MBA), UPenn (Undergrad)
    Location: New York, NY

    Recommendation: Long
    Timeframe: 1-2 Years
    Price Target: $12.81

    Quick Thesis on E*Trade (Nasdaq: ETFC)

    I am recommending shares of E*TRADE Financial ...

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  • Quick Pitch: Priceline.com (Nasdaq: PCLN) --Long

    Published: September 11, 2012

    (The following is a condensed write-up from SumZero composed by one of the site's buyside professionals)

    Source: Hedge Fund. New York, NY.

    Recommendation: Long

    I propose a long investment in priceline.com (Nasdaq: PCLN), with a price target of $739/share to be reached within 12-...

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  • SumZero Contrary View: Salesforce.com (NYSE: CRM)

    Published: September 11, 2012

    CRM

    Salesforce.com (NYSE: CRM) -- $143.70

    (The following information comes directly from SumZero’s community of buyside analysts.)

    Wall Street Consensus on Salesforce.com: Buy
    11 Strong Buy, 20 Buy, 6 Hold, 0 Underperform, 4 Sell

    Wall Street Price Target
    Mean: $1...

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  • Transocean Investors Looking at 65% Upside

    Published: September 11, 2012

    RIG

    Featured Stock Transocean (NYSE: RIG) -- $50.50

    (The following information comes directly from SumZero’s community of buyside analysts.)

    SumZero Analysts Following Transocean: 37
    SumZero Investment Reports on Transocean: 5

    SumZero Commu...

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  • Quick Pitch: NVIDIA (Short)

    Published: September 11, 2012

    NVIDIA -- (Nasdaq: NVDA)
    Recommendation: Short
    Recent Price: $15.90
    Target Price: $11.00

    Source: Hedge Fund
    Location: San Francisco, CA

    Overview of the Short

    NVIDIA has in the last 2-3 years branched out beyond its core graphic processing (GPU) business into producing ...

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  • Quick Pitch: Zillow (NYSE: Z) -- Long

    Published: September 11, 2012

    Z

    (This is an edited and highly-abbreviated quick pitch pulled from the SumZero community)

    Analyst: Rohit Dewan
    Firm: Olm Capital Management
    Industry: Hedge Fund
    Location: New York, NY

    Recent Price: $29.23
    Target Price: $40.00

    Zillow (NYSE: Z) belongs in a highly diverse categ...

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  • Quick Pitch: PetMed Express

    Published: September 11, 2012

    PetMed Express (Nasdaq: PETS)--Long
    Current Price: $11.69 Target Price: $15.00
    Source: Hedge Fund. New York, NY.

    Quick Pitch: Expectations are rather low (from sellside analysts as well as the buyside with 26% short interest). The company's small beats the last couple of quarters have sent t...

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  • Quick Pitch on Wells Fargo Shares

    Published: September 11, 2012

    WFC

    Wells Fargo (NYSE: WFC)--Long
    Current Price: $30.25 Target Price: $40.00
    Source: Hedge Fund. Atlanta, GA.

    Quick Pitch: With the integration of Wachovia to be fully complete by the end of the first quarter in 2012 and the U.S. economy plodding steadily along—albeit at a rate lower than which ...

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  • Featured Stock: Aeropostale (NYSE: ARO)

    Published: September 11, 2012

    ARO

    SumZero Analysts Following Aeropostale: 28
    SumZero Investment Reports on Aeropostale: 15

    SumZero Community Sentiment:
    82% Long, 12% Hold, 6% Short

    SumZero Consensus Price Target:
    Mean: $22.63 per share
    Median: $25.00 per shar...

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  • Aware: Poised for Impressive Under-the-Radar Growth

    Published: September 11, 2012

    SumZero, the leading online community of buyside investment professionals, presents one of its recent highly-rated research reports in partnership with Whitney Tilson's Value Investing Letter.

    The author, Cliff Orr, CFA (Privet Fund Management), is recommending a long position in a $65 million...

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  • Interview with Ben Axler (Spruce Point Capital Management)

    Published: September 11, 2012

    RLD

    Member: Ben Axler
    Title: Managing Partner/Founder
    Firm: Spruce Point Capital Management
    Focus: Cash-rich value equities and special-situations
    Location: New York, NY
    Undergrad: Rutgers College
    Post Grad: Yale University
    Recent Ideas: STVI.OB (long), DLGC (short), CIS (short)

    Bri...

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  • Long Call on Annaly Capital

    Published: September 11, 2012

    NLY

    Annaly Capital (NYSE: NLY)
    Recommendation Action: Long
    Current Price: $16.37 Target Price: $22.50
    Source: Hedge Fund. New York, NY.

    Quick Pitch: Annaly Capital (NYSE: NLY) was founded in 1997 and has performed well through economic and interest rate cycles, unlike newer peers who largely ca...

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  • Going Long on Spirit Airlines

    Published: September 11, 2012

    Spirit Airlines (Nasdaq: SAVE)
    Recommended Action: LONG
    Current Price: $18.22 Target Price: $30.00
    Source: Hedge Fund. Minneapolis, MN.

    Quick Pitch: Spirit Airlines (Nasdaq: SAVE) is an ultra low cost airline with the lowest costs and best margins in the U....

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