Long CTRP ($45 4/29/14)
- Priceline.com of China
- Strong top and bottom line growth
- Emerging and rapidly growing Chinese middle class (target customer)
- Down 9% last month so good entry point
- Long term play
Short CSH ($45)
- Payday lender
- DOJ is investigating and likely to implement new regulations on industry
- Stock is up recently due to spinoff and good short entry point
Long INVN ($19)
- Chips for wearable devices primarily
- AAPL will likely use their chips in iWatch
- If AAPL contract is won, stock should appreciate signicantly
- Stock is expensive, near 52 week high, but fell today on poor earnings
Long SDRL ($34.5)
- Offshore driller
- 11% dividend
- 52 week low due to capacity over reaction in industry
- Mgmt assured dividend will not be decreased until 2016
- Did I mention 11% dividend?
Short CTRN ($17.2)
- Urban clothing retailer
- 52 week high for no apparent reason
- 500 P/E ratio
- Long term viability is questionable with unattractive industry and poorly run company
FSLR Long Straddle ahead of earnings on Tuesday
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