World of Short Selling
Episode #16 - Edwin Dorsey

Episode #16 - Edwin Dorsey

September 28, 2020

I chat with Edwin about the following;

  1. What has he learned from his newsletter and what is he doing next 
  2. Which activist shorts campaign has been overlooked
  3. How is he increasingly using FOIA requests
  4. Which campaign was flawed and what is he looking at now

...and much more. 

Be sure to check out his new offer for the Bear Cave subscribers!  

Episode #15 - Edwin Dorsey

Episode #15 - Edwin Dorsey

March 8, 2020

This episode contains the following and rough timestamps;

0.20 What made Edwin impersonate Harvey Weinstein on babysitting platform care.com

18.00 Why Care.com and Stanford got involved and wanted to take down the article

40.00 How is Edwin using documents from Attorney Generals and other sources

48.00 What value does Edwin see in Stanford studies?

52.00 What does he read

57.00 What is Edwin going to do after Stanford

1.02.00 What is Edwin focusing on now

1.12.00 Why are consumer complaints sent to AG worthwhile research source

1.24.00 Edwin’s favourite reports written by others

1.39.00 Edwin’s problem with the definition of edge

Finally, here is Edwin’s Twitter and link to his newsletter.

Episode #14 - Week 31.01

Episode #14 - Week 31.01

February 2, 2020

This week I am going to look at three Chinese companies.

I will start with a summary of a lesser-known campaign on Vitasoy which was targeted by Valiant Varriors. Vitasoy is allegedly a classic Chinese fraud exposed by looking at the subsidiary-level financials.

I will follow-up on QTT, the short of Wolfpack which features similar allegations to Vitasoy. Except QTT is up 44% since the call.

Finally, I will quickly talk about NIO, the Tesla clone burning insane amounts of cash which seems to be currently in a now or never position.

I would also like to thank Breakout Point for data that I used in preparation for the podcast. Breakout Point is a great platform for those interested in tracking ongoing short campaigns.

If you want to ensure that you do not miss any new activist campaigns or any updates to already published reports, be it SEC filings, new tweets by short-sellers or press releases by the targeted companies, do take advantage of my 10% discount code for the first two months for a subscription to Breakout Point.

You can claim it by going to breakoutpoint.com and subscribing with the code ‘podcast’. Affordable and flexible subscriptions provide a complete and timely overview of what is happening in activist shorting.

Tickers & Reports

Episode #13 - Jeremy Raper

Episode #13 - Jeremy Raper

January 17, 2020

This episode contains the following and rough timestamps;

0.00 Credit mentality and short-selling

10.00 Market oddities – BB bond yielding 1.5% in a distressed potash business

24.20 Balance-sheet driven focus and looking for companies that are forced to grow

31.00 Why is Jeremy not primarily focused on fraud

39.00 Peleton and the question of trading (Netflix)

43.30 One thing Jeremy took away from shorting Tesla

50.10 Jeremy’s best and worst trades (Quicksilver and cannabis stocks)

58.00 How does Jeremy think about timing – looking for zeros

61.00 Shorting NIO (NIO)

78.00 Jeremy’s best short pick now – Westshore (WTE.TO)

89.00 What would Jeremy do more of if he were to start all over again

Finally, here is Jeremy’s twitter and his website.

Episode #12 - Week 10.01

Episode #12 - Week 10.01

January 10, 2020

This week I am going to look at three campaigns.  

One will be about none other than Tesla and the lengthy report done by Plainsite, the docket site run by Aaron Greenspan.

The other short will be from Black Mamba who targeted Varta AG, a German maker of batteries used in earphones such as airpods.

Lastly, I will provide a short update on Triple-S management, the short of Friendly Bear.

I would also like to thank Breakout Point for data that I used in preparation for the podcast. Breakout Point is a great platform for those interested in tracking ongoing short campaigns.

If you want to ensure that you do not miss any new activist campaigns or any updates to already published reports, be it SEC filings, new tweets by short-sellers or press releases by the targeted companies, do take advantage of my 10% discount code for the first two months for a subscription to Breakout Point.

You can claim it by going to breakoutpoint.com and subscribing with the code ‘podcast’. Affordable and flexible subscriptions provide a complete and timely overview of what is happening in activist shorting.

Tickers & Reports

Episode #11 - Adam Block

Episode #11 - Adam Block

January 8, 2020

This episode contains the following (rough timestamps);

0.15 Start in short-selling and Big Short

5.00 Background in bankruptcy and fraud litigation

9.30 Focus on two and three sigma ideas  

15.30 How people misinterpret MLPs

18.00 Stanford International Bank – Ponzi with larger losses than Madoff  

31.00 Learning Lessons – Be aware of your dividend yield  

34.30 Sourcing ideas from others

37.30 Unserviceable debt and shorting oilfield services

53.00 Who is Adam following?

59.30 Worst trades – Do not argue on valuation

1.06.00 Worst trades – Anticipate short position doubling on you

1.11.15 Timing and sizing

1.18.00 Mallinckrodt (MNK) – Potential zero with catalysts in 2020

1.30.00 McDermott (MDR) – Example of trading near-bankrupt company  

1.36.00 Options trading

1.42.00 Did Adam Neumann know WeWork is dubious?

1.45.00 What would Adam do differently if he started again?

Finally here is Adam's Twitter and Seeking Alpha page

Episode #10 - Week 13.12

Episode #10 - Week 13.12

December 15, 2019

This week I am going to look at two new campaigns.

One will be from Citron about the infamous bike company Peleton, subscribers of which are now valued by the market with a price of one bike and 28 years of their subscription plans. Citron believes that this makes the company extremely overvalued.

The other will be from Aurlies Value which targeted NBIX a pharma company that employed at least 64 employees from Avanir which had to pay a large fine for allegations of fraud and kickbacks. Chief Commercial Officer of NBIX is supposedly the same person as the one who was heavily involved with an alleged kickback scheme in Avanir.

I will also provide an update regarding ATNX which is short of Viceroy and talk about a relatively new short-selling website called Utopia Capital and their focus on small-caps which showcase supposedly dubious share price action. 

Before we start, I would just like to remind you that all you hear on the podcast are opinions. I am not a registered investment advisor, please do your own due diligence. Short selling can hold risks that are different from going long.

I would also like to thank Breakout Point for data that I used in preparation for the podcast. Breakout Point is a great software tool for investors interested in tracking ongoing short campaigns.

Tickers & Reports

Citron on Peleton (PTON)

Aurelius Value on Neurocrine Biosciences (NBIX)

Utopia Capital on GRN Holding Corp. (GRNF)

Collecting Feedback

Collecting Feedback

December 9, 2019

Hello, 

I want to make sure I keep on making the podcast better. Therefore I am collecting anonymous feedback through this form (just 5 easy questions) - https://forms.gle/3JpM3Tb7uXCEaxWJ7

Thank you for helping me to improve! 

Best,

Jan Svenda

Episode #9 - Week 06.12

Episode #9 - Week 06.12

December 6, 2019

This week’s episode is going to include a great contrast between the short targets.

On one hand, we will see a complex target composed of a Canadian retailer that is facing several fundamental issues. This could lead to credit downgrade which should present a downside.

On the other hand, we have my favorite biotech, Enochian Biosciences whose head scientist pleaded guilty to commercial burglary and is a support of the Spoon Bender, a magician who allegedly can bend spoons with his mind. Over the past two weeks, White Diamond Research found new information that makes ENOB the craziest and most overvalued biotech that WDR has ever seen.

I would also like to thank Breakout Point for data that I used in preparation for the podcast. Breakout Point is a great software tool for investors interested in tracking ongoing short campaigns.

Tickers & Reports

Episode #8 - Gabe Bernarde (Viceroy Research)

Episode #8 - Gabe Bernarde (Viceroy Research)

December 6, 2019

This episode contains the following (rough timestamps);

0.15 How did Gabe start at Viceroy through PI work

6.00 Difference in fraud across geographies

7.10 Gabe’s specific focus  

8.10 Sourcing of ideas  

9.10 Being CC’ed to consumer complaints

10.10 Screening of ideas

13.00 Decision-making regarding publishing a report

15.10 Dreaded timing of short selling

19.00 Best and worst trade

24.00 Instagram feed and fake-wig test

28.20 Athenex (ATNX) and why is still a short 

51.50 Pretium (PVG) thesis also holds

56.00 Prosieben (PSM) has likely played out, but the business model is still questionable 

58.00 Capitec (CPI) potentially one of the most abusive financial institutions

64.40 Shorting outside of US – The German experience and scare tactics against critics

71.00 Closing remarks on Mimedix (MDXG)

72.40 Shorting after the first major drop

82.50 Who calls Gabe – Gabe from Spiceboy Research 

84.00 The most ridiculous response of the management

88.00 Why the name Viceroy?

89.00 What would Gabe do differently if he had to do it all over again?

Finally, here is Gabe’s Twitter and Viceroy’s website.

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