Shaun Currie, CFA
Long/short equity, hedge fund analyst, momentum

The Container Store: Now Is The Time To Short

Let's be honest… it's extremely tough to short high flyers in a market that just keeps going up. Investors stop worrying about valuation, and think about potential. Even if a high flyer is priced to perfection, it's usually best to wait until we see the first sign of weakness, which will gives investors reason to rethink their position. Lucky for us, The Container Store (NYSE:TCS) just gave us the slip-up necessary to put on a short position in the name with its recent earnings report. Additionally, the expiration of lock-up periods in May will give the company a significantly higher float, which will help with supply and demand dynamics, and should put downward pressure on the stock...

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