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ColumnsShort Sellers Risk Billions on Crypto Stocks as MicroStrategy's Overvaluation Triggers 14% Drop
Kerrisdale Capital, a notable short seller, has taken a position against $MicroStrategy(MSTR.US$, initiating a short sale due to its belief that the stock's value is overly inflated — it's not worth paying over double for essentially the same asset (bitcoin). As a result, MicroStrategy's stock dropped by up to 14% on Thursday. Kerrisdale also noted that MicroStrategy no longer offers a unique method f...
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Foot Locker's extended timeline for target margin growth and lower-than-expected 2024 projections have caused a share drop. Despite surpassing Q4 estimates, the company's unadjusted loss and decreased comparable sales hint at a tough outlook.
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Despite Foot Locker's limited growth, its P/S ratio remains similar to the industry, indicating potential anticipation for future growth. However, if this ratio aligns with the muted growth outlook, investors may be disappointed, risking a decline in stock sentiment and share price.
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$DHT Holdings(DHT.US$ Time to fly
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totally agree. when the company cannot break the reds even with sales and promotions, then it's just another company going down, just like how the others have tried and died.