Dan Weiss

Three Short Ideas: Standard Pacific, Under Armour and Trump Entertainment

So far so good on all three of these short ideas. My target on shares of TRMP is 0 while I anticipate that SPF will flirt with bankruptcy (I am not yet going to make the call that they will actually be forced into reorganization as this is highly dependent on when the housing market improves). As for UA, my target based on my own valuation models (I think analyst expectations are still too high) would put the stock in the mid to high teens.