Shorting SeaWorld: The Blackfish Trade – SeaWorld Entertainment …
Summary
SeaWorld Entertainment is overvalued and has high operating leverage.
Company being heavily sold by insiders.
Controversy from Blackfish documentary catalyst to drive stock down.
SeaWorld Entertainment (SEAS) is continuing to suffer from the negative reaction to the documentary “Blackfish” which discusses the poor treatment of orcas in SeaWorld parks. The resulting negative sentiment and falling attendance within the park has resulted in Q1 2014 being SeaWorld’s worst quarter since its IPO. The company blames weather and a delayed Easter season, but as I explain in the video below, SeaWorld’s problems are structural and far deeper than that.
The video also covers the company’s overvaluation, how high operating leverage and debt makes the company risky, and how Blackfish serves as a negative catalyst for the stock.
Source:
Shorting SeaWorld: The Blackfish Trade
Disclosure: I am short SEAS. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More…)
Want more from this author?
Follow and be the first to know when they publish.
Nicholas Pardini
(754 followers)
Contrarian, macro, hedge fund manager, emerging markets
You will now receive new articles by this author via email. Manage your settings »
Seeking Alpha PRO helps fund managers:
Research new investment ideas
Reduce risk
Find out if PRO is right for you:
Thank you for your interest in Seeking Alpha PRO
We look forward to contacting you shortly for a conversation.
Already subscribed to PRO? Sign in here
Read more on Dividend Investing »SymbolPrice% ChgRemove
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
This article was sent to
535
people who get email alerts on
.
Get email alerts on »
This article was sent to
468,791
people who get the Investing Ideas newsletter.
Get the Investing Ideas newsletter »
PORTFOLIO
SymbolAlertsPriceChg% ChgAdd Stocks
New!
Follow these related stocks
(Click to add stocks to your portfolio)
535
people received this article by email alert
Add your email to get alerts on too:
Get email alerts on »
This article was sent to
468,791
people who get the Investing Ideas newsletter.
Get the Investing Ideas newsletter »Tagged: Investing Ideas
,
,
,
Share this article with a colleague
View original –
Shorting SeaWorld: The Blackfish Trade – SeaWorld Entertainment …
See which stocks are being affected by Social Media
