Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

Equity Bottom-Up

<ul>
<li>This model seeks companies facing dangerously high leverage coupled with negative or declining cash flows.  It considers interest expense, capex and short term maturities for additional input. </li>
<li>The companies may not be viable given cash flows and capital structures.  These shorts tend to have  higher betas  and can have strong down moves as the crisis is recognized.</li>
<li>This week we flag: Fastly, Affirm Holdings, Bloom Energy, Wynn Resorts</li>
</ul>


This model seeks companies facing dangerously high leverage coupled with negative or declining cash flows.  It considers interest expense, capex and short term maturities for additional input. 
The companies may not be viable given cash flows and capital structures.  These shorts tend to have  higher betas  and can have strong down moves as the crisis is recognized.
This week we flag: Fastly, Affirm Holdings, Bloom Energy, Wynn Resorts


Solvency Risk Short Candidates: Fastly, Affirm Holdings, Bloom Energy, Wynn Resorts

Fastly Inc

Solvency Risk Short Candidates: Fastly, Affirm Holdings, Bloom Energy, Wynn Resorts