Everyone's celebrating the Knicks. Blaah bLAH BLAHH * Hopefully my bf doesn;t get this email LMAO!
Hey ladies I'm Tiffany, and this is The Wealth Edit. This week: three short ideas,
MSG Sports (MSGS). Knicks fans .........we see you, the Finals run was genuinely great. But here's my problem: winning might be the worst thing that happens to this stock. Their cost structure doesn't scale with success, so the more they win, the more they spend, and it doesn't turn into profit. Proof: last quarter they lost $0.78 a share when Wall Street expected a $0.52 profit. In plain English — they were supposed to make money and instead lost it, a $1.30 per share swing in the wrong direction.
Cute playoff run, ugly earnings report.
Fair warning, MSGS isn't a cheap stock to short, but if you've got the capital, this one's promising.
Travel stocks.
Two names I'm circling: Delta (DAL) and Carnival (CCL). Jet fuel's nearly doubled, fares are up, airlines are cutting routes, bookings are already running behind last year. I think both fall pretty hard from here. Unlike MSGS, these are actually affordable, so if you want in, this is the accessible one. GUYSSSS EVERYTHING IS EXPENSIVE. why I saw a 3 star hotel to Puerto Rico going for $500 a night, Puerto Ricoooooooo? I CANNOT!
Lets take Delta to 79 by Oct
Lets take CCL to $24.80 ish by Oct
Mystery pick #3.
I am Sitting on one more, and I think this short could be as big as the Peloton collapse AND IF YOU KNOOO ME. YOU KNOW I LOVE TALKING ABOUT SHORTING PTON. It's ripping right now and everyone's obsessed with it ...that's exactly why I'm circling it.
Find it in our Tiffany James Community here:
xo, Tiffany
Not financial advice — shorting can lose you more than you put in, so do your homework. Now go be financially dangerous.
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