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

The Fresh Market: An Update After Quarterly Earnings

On Thursday, The Fresh Market (NASDAQ:TFM) reported quarterly earnings that were better than what analysts (with their low bar) had been thinking, which took the stock up in the after-market. But, I think the move has more to do with the low bar that had been set and the high short interest (>30%) in the stock. Overall, the company is facing greater completion from its peers (all with aggressive real estate growth targets) which will weigh on comps for the remainder of the year. It seems like the company's business model is about to shift - from a nationwide healthy grocer to a regional grocer than focuses on specialty items such as meats. Estimates and growth targets for...

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