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What We’re Looking For To Go Splat! Part 2
In my previous post, I gave a quick snapshot of the retail sector macro environment. In this post I will present a list of potential shorts for subscribers as well as the entire universe of companies used for those who don’t subscribe. [Note: If you do not see the live spreadsheets of the companies, tickers and data listed here, please visit the original post on my blog. I have had issues getting live spreadsheets to appear here].
Below is a list of 141 retail companies whose market cap is greater than$500 million and share price is over $10 that we used to create a universe of potential retail shorts.
Then we:
- Eliminated 65 companies with Negative Net Debt and Positive Sales Growth (Quarterly) – 74 left.
- Applied various conditions for key parameters to shortlist companies (proprietary), created a rated list out of the aforementioned 74
- Selected companies primarily based on:
- Declining margins
- Declining sales
- High debt
- Reduced the list to 4 companies and scoured the footnotes, addenda and fine print to see what we could dig up. This short list is available to subscribers here: . I took the liberty of including short interest and days to cover to assist in short squeeze management for those that don’t use options. We will choose one of these four to perform a full blown forensic analysis. Membership input, feedback and suggestions are quite welcome. Feel free to email me.
- Interested parties may click here to subscribe.
For those that don’t subscribe, some of our rejects may be of interest. Reference the spreadsheet below…
Subscribers are urged to peruse our shortlist and delve into our stated reasons for shortlisting each – 
Retail Short Analysis.
Professional and Institutional Subscribers have access to the very wide swath of fundamental data on the entire universe of retail stocks considered, as well as 48 quarters of personal consumption data across many categories – 
Retail Sector Shortlisting_042110 – Pro Addendum.
- advertisements -
More power to Reggie and ZH. You don't find anywhere else top notch stuff like he offers up to ZH for free.
It's a free country, right?
I subscribe to Reggie's BBB and follow the Retail Apparel sector as part of my work. I agree totally with Reggie but am having trouble getting to the list - I keep getting "Fatal Error" msg when I click the link or go directly to the site.
Reggie - what's up? Anyone else having the same problem?
KrvtKpt laughing swordfish
DKM Trading Division
The site is back on line...
What the hell is everybody complaining about??
Third and fourth sentences: [Note: If you do not see the live spreadsheets of the companies, tickers and data listed here, please visit the original post on my blog. I have had issues getting live spreadsheets to appear here].
Follow the link and look at a very good list to use as a starting point for investigation.
What's the problem??
The problem is many anonymous commenters on the Web can't made happy, no matter what you do. I am not going to apologize for making clear that I charge for higher level content, particularly considering the expense that goes into producing the content.
In exchange for that I make a genuine effort to leave as much unbiased analysis in my wake (absolutely for free) as I can practically afford to. Those who have an issue with that should bypass my posts when they see my name.
For the record, and for those who haven't seen the list, there is a lot of data to start with if your bearish on the retail space and if you are bullish, that would be a good place to bullet proof your thesis (of course that's a thesis I would disagree with, at least in regards to the shortlisted companies in question, but it takes two sides to make a trade).
My server went down a little earlier today, so please excuse any performance issues.
"Information about money is more valuable than money." - Walter Wriston
You're excused, tech issues are expected. Just keep on doing what you're doing Reggie. I appreciate the work and there is nothing wrong with having something to say while being commercial.
reggie - you give us lots of good info,data, and analysis for free, don't mind a tease now and then...
+100
No kidding, Reggie's stuff is spot on, keep up the awesome work Reggie.
Cut the guy a break. He has posted numerous pieces of research for free.
So have many others who haven't tried to monetize their reputation here. This is a bad precedent.
Here's an idea... just send the list to your subscribers... Thanks...
Going short will be costly enough :)
lol
I will never pay for your warez, particularly now.
Don't be too harsh. The man is a yachtsman for gosh sakes.
why do we need Reggie's bio. Another ad?
come on, it was supposed to link to the big list, not a subscription page or his bio, this is not the zero way.
why do we need Reggie's bio. Another ad?
come on, it was supposed to link to the big list, not a subscription page or his bio, this is not the zero way.
just click here for more info
do you factor in FAS 166 and FAS 167 aspects too in terms of the dilution of return on assets?
http://www.cfo.com/article.cfm/14492562/1/c_2984368
Not sure I would like to earn Invesco! But there may be some impact on retailers balance sheets also?
Where is the list? Is this an ad? -100
Wait, what? This looks like an advertisement to me. Since when does ZH post ads that look like blog posts?
Granted, I have only been a reader here for 3 months, so maybe this is standard operating procedure. I don't recall seeing any other ad-posts, however.
I'm neither a subscriber of his, nor do I agree with all of his positions. Reggie is, however, an extremely valuable poster here on ZH. He frequently posts substantial, deep, insightful articles that are at a bare minimum grounds for some exceptional conversation.
Lurk more.