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Darspal S Mann  

PRO Top Ideas
Top Ideas are high-conviction long or short ideas focused on market mispricings with asymmetric risk/reward profiles.
  • Proofpoint: Fundamentals Suggest Still More Downside
       • May. 29, 2014 PFPT 3 Comments

    Summary

    • Correction in the broader market may be over, but weak fundamentals may drive the next leg down for the stock.
    • Decent headline growth numbers, but momentum restricted to a few products with limited operating leverage and worsening balance sheet.
    • Stock may correct 40-50% as estimates start to reflect weak fundamentals and valuation multiples compress.