Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Sportsman's Warehouse: Down 15% Since IPO With Plenty Of Room To The Downside Left

Sportsman's Warehouse (NASDAQ:SPWH) is one of the more interesting IPOs in recent memory. What makes it interesting is that there was and continues to be so much wrong with the company, the growth strategy, the financials, and the actual stock performance, yet The Street has been bullish this name since the pre-IPO road show. To be clear, I should state that the firms bullish this name also participated in the underwriting of the IPO but regardless there has been nothing but cheerleading going on since day one - something I have disagreed with greatly and continue to do so. For instance, DA Davidson, Credit Suisse, and William Blair all have "BUY" ratings on the stock with price targets...

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