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

Papa Murphy's: Take And Bake Profits From The Short Side

One of the easiest short sale opportunities that's come across my big board in a while has to be Papa Murphy's (NASDAQ:FRSH). Not a single financial statement the company detailed in its S-1 was attractive and frankly none of them even had the potential to contribute to a bullish leaning thesis when looked at closely.

Since initiating coverage in early May the stock is down 18.2%, currently trading at $9.28, and doesn't have technical support for another 8.5% lower at $8.50 - which is where I would argue the stock is headed before Q2 earnings. With plenty of negative catalysts across all durations, this continuing coverage article will make the argument that based on what should be slowing...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details