Netwall
Hedge fund manager, value, contrarian

Priced For Perfection, This Engine Is Definitely Running Out Of Steam!

"What goes up must come down." Sir Isaac Newton

Simply put, this is a "short" thesis on Financial Engines (NASDAQ:FNGN). In September of last year, a fellow SA author "Akram's Razor" declared this company a short via this article. The stock was trading around $60 at the time and although it dipped into mid- fifties, it has since recovered to about $68 levels as of this writing. I argue that nothing has changed with the fundamentals and this company still remains a short (actually contrary to the popular opinion, a company becomes a better Short candidate if you can short it at a higher price, assuming you did your homework). Below discussion will be in...

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