Summary Technicals, Valuation, and other statistics point to change. The bull market is over. Investors need to consider action to protect their portfolios. I have significantly reduced my net exposure via short positions in overvalued stocks. Followers may remember that on August 31st, I published an article (see here) and stated that "The recent drop is an … [Read more...]
Proofpoint: A Short Idea For 2016
Summary Despite high growth, market leadership and some of the largest clients in the world, the company has yet to turn a profit in its 14-year history. Competition that includes Cisco, Microsoft, Symantec and HP is fierce which results in little pricing power and risk of losing out to the bigger name that is better capitalized. The stock has been used as … [Read more...]
Proofpoint Proves It’s Worth Shorting
Summary Stock trades at over 10x sales with an increasing share count. Despite product leadership and market penetration, it has never made a profit. Faces competition from larger and better-funded competitors that offer a wider range of products. The CEO owns 1 share. Company insiders have sold over $73 million worth of stock as they constantly cash … [Read more...]
