We love scouring the markets for overvalued situations with deteriorating competitive advantages. One such name that's been on our list for awhile is Annie's (BNNY), a leading maker of organic foods. And there's no better time to consider the short side of a stock after it's made a 40% run year to date.
In any case, what really piqued our interest is that billionaire investor Carl Icahn sold his entire stake of fellow organic foods company Hain Celestial Group (HAIN). We see this company as the best company in the space, and if it's a 'sell,' then Annie's must be a great short. Part of this thesis includes the rapidly rising competition in...
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