We’re old enough to remember a narrative that went something like this: Amazon Inc. ($AMZN) is dominating retail with 2-day (now 1-day) shipping + Trad…
🥈Second Order Effects Are Real (Long #retailapocalypse Victims)🥈 We’ve spent a considerable amount of time discussing the possible and/or actual seco…
⚡️Announcement⚡️ We hope you and yours enjoyed the holiday, endured the deluge of sales emails (including from us, sorry!), and got some much-needed re…
So, this is, uh, ONE. HELL. OF. A. FACT. PATTERN. Back in 2014, Classroom Investments Inc., a wholly-owned subsidiary of Ontario Teachers’ Pension Plan…
💥Is Wyoming F*cked? (Short Chesapeake Energy Corp.)💥 Governor Mark Gordon released his Wyoming State Budget for 2021-2022 earlier this week and — who…
Disruption Flummoxes Carlyle. Destroys Billions of Value. Back in September 2018’s “Trickle-Down Disruption from Retail Malaise (Short Coupons),” we no…
🍔More Restaurant Distress: New Chapter 11 Filing — HRI Holding Corp. (a/k/a Houlihan’s Restaurants)(Short Small Chains)🍔 It’s hard out there for smal…
⚡️Announcement⚡️ If you’re wondering why we published our Members’-only newsletter on Saturday rather than Sunday the answer is this: we fat-fingered “…
💰What’s New in Marketing Trends (Long Facebook Inc. ($FB))💰 We’ve often highlighted how distressed retailers may be in for a rude awakening if they t…
One year, three different capital structures and two restructurings — one in-court and one out-of-court. This has been a hell of a twelve-month stretch…
🤪Malls, Malls, Malls (Long Eccentric High-AF CEOs)🤪 Things continue to get worse for certain players in the mall REIT space. On October 24th, Washing…
⚡️Newsflash: PG&E Corporation⚡️ You got cute. You invested in the equity. Now you may be up sh*t’s creek. With each passing day and each damaged struct…