🐻The Bear Cave #20 + Exclusive Interview with Roddy Boyd🐻
New Activist Reports, An Interview with Roddy Boyd, 20 Great Twitter Accounts to Follow, and More
Welcome to The Bear Cave — your weekly source of short-seller news. Feedback and sharing are always appreciated. If you are new, you can join our email list here.
New Activist Reports
Citron went long Sonos (NASDAQ: SONO — $1.63 billion), writing: “Sitting at the intersection of stay at home, streaming wars, and the connected home, Sonos has quickly emerged as the leader of sound in the connected home.”
Hindenburg Research published a Twitter thread and report on Ideanomics (NASDAQ: IDEX — $244 million). Hindenburg wrote, “IDEX has a history of changing biz models and pumping - then dumping - each new endeavor.” Hindenburg also pointed out that “has had 6 CEOs, 6 CFOs, four different company names, and has had 10 board members leave” in the last five years.
In addition, J Cap Research called IDEX the “Champion of Stock Promotes” and Jon Carnes also tweeted skeptically on the company. IDEX stock was down 48% last week.
Great Quarter published on Invesco Mortgage Capital (NYSE: IVR — $605 million).
Anna Vaysfeld published a Seeking Alpha article on Neonode (NASDAQ: NEON — $72 million).
Interview with Roddy Boyd
Roddy Boyd is a legendary investigative reporter and an early skeptic on Valeant, Insys Therapeutics, and Wirecard. You can watch our interview on YouTube below:
Interview Timeline: Intro (0:00), The Foundation for Financial Journalism (1:05), Valeant and Philidor (2:40), Reaction from Valeant longs (9:00), Insys Therapeutics (14:35), Wirecard (36:25), Private Equity (44:20), Red flags to look for (57:30), What Roddy likes to read (1:09:30), Conclusion (1:17:20)
I am a huge fan of Roddy, who the major protagonist in a recent Frontline documentary on Insys Therapeutics. Join me in following him on Twitter and his website.
20 Great Twitter Accounts to Follow
In honor of our twentieth issue, below are the 20 best financial Twitter accounts to follow. I prioritized accounts with small followings and those that share actionable ideas.
@AlderLaneeggs — Thoughts on everything from legendary short-seller Marc Cohodes
@WallStCynic — A random guy from Wisconsin tweeting about stocks
@CrowdedTradeCap — Generalized and company-specific research
@NonGaap — Tweets about governance, strategy, and board dynamics
@DonutShorts — Highlights the next stocks going to zero
@NeckarValue — Shares old interviews and articles on great investors
@WallStCritic — High-quality ideas with some sassy tweets
@BarbarianCap — Smart, anonymous analyst
@10kdiver — Twitter threads on 10-Ks
@unemon1 — Shares stock rumors and trade ideas
@WillauerProsky — Tweets on everything related to activist shorts
@greatquarter — Shares interesting, off the beaten path ideas
@JerryCap — Company press releases and news
@MoatsLikeKodak — General market tweets and some microcap ideas
@AltaFoxCapital — Smart investor tweeting about small-cap stocks
@schaudenfraud — A cartoon character tweeting about stocks
@LSValue — Long-short investor with interesting ideas
@TSOH_Investing — Interesting takes on companies
@mr_skilling — A parody Jeff Skilling account
@PaddingtonShort — Smart tweets on short ideas
You can also follow me on Twitter @StockJabber
What to Read
‘Crush This Lady.’ Inside eBay’s Bizarre Campaign Against a Blog Critic (WSJ)
“A package arrived with a mask of a bloody pig’s head. Next, they received a funeral wreath. Neighbors were sent pornographic videos addressed to one of the Steiners. Strange cars seemed to follow them around their small town of Natick, Mass.”
“Wirecard’s Former CEO Markus Braun Is Arrested” (WSJ)
“Munich city prosecutors said Mr. Braun turned himself in to authorities late Monday and accused him of “inflating Wirecard AG’s sales volume with fake income.” Prosecutors said he was also under suspicion of making the company look more attractive to investors and customers than it actually was, and possibly cooperating with other perpetrators.”
“Stocks That Go Up: A Recipe” (Dubra Stocks)
“I have found there is a recipe for STGU. It is these companies that have the privilege of trading at obscene multiples for long periods of time and compounding their revenue base year after year.”
Tweets of the Week
Until next week,
The Bear Cave