My Thoughts on CohodesHe's a great short seller. He knew by looking at the numbers - Brexit helped him ALOT and Im sure he didnt expect it. Once Brexit occurred his short thesis was FULL steam.
Do I criticise him? No. Im an investor. I find value in distressed situation. He finds value in distressed situations.
Do I think his short thesis has run out? Not entirely. The company needs to prove itself. Will it bounce back - Q3 will show ALOT. If they can show stability in Q3 (considering the FX rate used will be 1.23/1.24) then they will be fine. New year funds will PILE on. If they f**k it up this thing is a dud.
For Marc I think this is personal. Thompson will most likely be removed as CEO so rest easy Marc.