Jehoshaphat Research
@JehoshaphatRsch
I'm really glad you corrected me, Lisa. People are always really glad when they're corrected. - Homer Simpson See track record and terms of use on our website
Today, when doing research, we (should) think of doing a quick, traditional Google search as lazy, the bottom of the barrel for a research process. This type of exploration is often lambasted as unserious work - "you did a Google search and now you think you're an expert." Now,…
We are short Enovis $ENOV, a roll-up of health care businesses that’s easy to borrow. Below is just a summary of the key opinions in this idea; for the full short thesis including a downloadable PDF, please see the Jehoshaphat Research site. 1) The Street believes ENOV enjoys…
Are the 11 seconds starting with 49:16 the funniest part of this interview?
I am Nate Anderson, the founder of Hindenburg Research referenced repeatedly in this bizarre and fantastical interview. During my career, I helped expose numerous financial scams, including over a dozen Ponzi schemes and numerous instances of public companies lying to and…
Charlie Munger: "Where so much money turns on numbers that happen to be reported, the human temptation to manipulate the numbers is bound to be pretty substantial."
$COST has grown EPS 15%/yr for the last 5 years, 12%/yr for the 5 years before that, and 13%/yr for the 5 years before that. And it has continuously traded at or above 33x since the depths of the market crisis in early 2020. Therefore, another way of saying what you have said…
If you buy $COST here, it has to grow earnings 10%/yr for the next decade AND exit at a 33x multiple to beat the return on a 10 year treasury.
We presented a summary of our short thesis on Main Street Capital, ticker $MAIN at the Sohn Conference today. The full downloadable PDF is now live on our website.
Thank you @JacobWolinsky
His biggest mentors? @RealJimChanos and his mother Check out our interview with the man behind @JehoshaphatRsch who will be speaking at @SohnConf on shortselling
We will be presenting a new short idea tomorrow morning. If you'd like to be notified about this or future ideas, you can sign up for email notifications on our website.
Tell me Scott Bessent nailed the macro call of the century without telling me that Scott Bessent nailed the macro call of the century.
$DNB shareholders were piling in at ~$12 last summer because of a rumor about a possible takeover. Management could have just refused comment, but chose instead to go with: "While we do not comment on rumors or speculation, we believe it is important to note that Dun &…
Disappearing last year's customers retroactively is a great way to make your current customer count look...growier. Nice finds on this idea @laurenbalik
This embarrassing "roll forward" of "Customers contributing $100K+ revenue" is one of the biggest disasters of metrics reporting I have personally ever seen on 10-Ks. Customers just retroactively disappear from prior years... There is no possible way "M&A" accounted for 14…
FINALLY A CEO BESIDES WARREN BUFFETT WHO UNDERSTANDS THIS This is exactly the kind of statement that makes me not want to short a company's stock ever (It's the morons who are afraid of short sellers, or sue them, whose stocks always make great shorts, every single time)
I don’t worry about the shorts. They just keep selling us the share for the buyback cheaper than we could have gotten them :) some day they will be forced to cover with less and less shares outstanding