bearish
Short Idea: AURC-US (Better Mortgage)
SUMMARY
- I am short AURC (Aurora Acquisition Corp), the SPAC that will be bringing Better.com to market next week. I think the fair value of the company is ~81 cents - it is currently trading at $32.
- Yes, borrow is hard to come by - but it does exist in small quantities. When the DeSpac occurs next week, if the stock doesn’t collapse 98% on day one, then borrow should be accesible.
- Better CEO/founder Vishal Garg has a long history of bankruptcies, deception and fraud accusations.
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