wetf blackbook short idea

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Best Ideas Short Call by Jonathan Casteleyn on WisdomTree (WETF)

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Page 1: WETF BlackBook Short Idea
Page 2: WETF BlackBook Short Idea

HEDGEYE 2

Page 3: WETF BlackBook Short Idea
Page 4: WETF BlackBook Short Idea

HEDGEYE 4 DATA SOURCE: COMPANY DATA, BLOOMBERG

Page 5: WETF BlackBook Short Idea

HEDGEYE 5 DATA SOURCE: COMPANY DATA,

Page 6: WETF BlackBook Short Idea

HEDGEYE 6 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

Page 7: WETF BlackBook Short Idea

HEDGEYE 7 DATA SOURCE: COMPANY RELATED DATA, WISDOMTREE

Page 8: WETF BlackBook Short Idea

HEDGEYE 8 DATA SOURCE: COMPANY RELATED DATA, WISDOMTREE

Page 9: WETF BlackBook Short Idea

HEDGEYE 9 DATA SOURCE: COMPANY DATA, WISDOMTREE

Page 10: WETF BlackBook Short Idea

HEDGEYE 10 DATA SOURCE: COMPANY DATA, WISDOMTREE

Page 11: WETF BlackBook Short Idea

HEDGEYE 11 DATA SOURCE: COMPANY DATA, WISDOMTREE

Page 12: WETF BlackBook Short Idea

HEDGEYE 12 DATA SOURCE: COMPANY DATA, WISDOMTREE

Page 13: WETF BlackBook Short Idea

HEDGEYE 13 DATA SOURCE: HEDGEYE ESTIMATES

Page 14: WETF BlackBook Short Idea

HEDGEYE 14 DATA SOURCE: COMPANY DATA, WISDOMTREE

Page 15: WETF BlackBook Short Idea

HEDGEYE 15 DATA SOURCE: COMPANY DATA, HEDGEYE ESTIMATES

Page 16: WETF BlackBook Short Idea

HEDGEYE 16 DATA SOURCE: COMPANY DATA, HEDGEYE ESTIMATES

Page 17: WETF BlackBook Short Idea

HEDGEYE 17 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

Page 18: WETF BlackBook Short Idea

HEDGEYE 18 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 19: WETF BlackBook Short Idea

HEDGEYE 19 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 20: WETF BlackBook Short Idea

HEDGEYE 20 DATA SOURCE: BLOOMBERG, COMPANY RELATED DATA, WISDOMTREE

Page 21: WETF BlackBook Short Idea

HEDGEYE 21 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

Page 22: WETF BlackBook Short Idea

HEDGEYE 22 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

Page 23: WETF BlackBook Short Idea

HEDGEYE 23 DATA SOURCE: RESPECTIVE COMPANY DATA, HEDGEYE ESTIMATES

Page 24: WETF BlackBook Short Idea

HEDGEYE 24 DATA SOURCE: BLOOMBERG,

Page 25: WETF BlackBook Short Idea

HEDGEYE 25 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

Page 26: WETF BlackBook Short Idea

HEDGEYE 26 DATA SOURCE: WISDOMETREE, BLOOMBERG

Page 27: WETF BlackBook Short Idea

HEDGEYE 27 DATA SOURCE: WISDOMTREE, BLOOMBERG, HEDGEYE ESTIMATES

Page 28: WETF BlackBook Short Idea

HEDGEYE 28 DATA SOURCE: WISDOMTREE, BLOOMBERG, HEDGEYE ESTIMATES

Page 29: WETF BlackBook Short Idea

HEDGEYE 29 DATA SOURCE: WISDOMTREE, BLOOMBERG, HEDGEYE ESTIMATES

Page 30: WETF BlackBook Short Idea

HEDGEYE 30 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 31: WETF BlackBook Short Idea

HEDGEYE 31 DATA SOURCE: COMPANY RELATED DATA, WISDOMTREE

Page 32: WETF BlackBook Short Idea

HEDGEYE 32 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 33: WETF BlackBook Short Idea

HEDGEYE 33 DATA SOURCE: BLOOMBERG, WISDOMTREE RESEARCH

Page 34: WETF BlackBook Short Idea

HEDGEYE 34 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 35: WETF BlackBook Short Idea

HEDGEYE 35 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

Page 36: WETF BlackBook Short Idea

HEDGEYE 36 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 37: WETF BlackBook Short Idea

HEDGEYE 37 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 38: WETF BlackBook Short Idea

HEDGEYE 38 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE, HEDGEYE ESTIMATES

Page 39: WETF BlackBook Short Idea

HEDGEYE 39

OLD FORMAT = $800/SQUARE FT NEW FORMAT = $1,300 SQ FT

DATA SOURCE: STATISTA.COM, HEDGEYE ESTIMATES

$18 TT $16 TT

$4.7 TT

$17 TT

$6 TT

$1.8 TT

$1.5 TT

Page 40: WETF BlackBook Short Idea

HEDGEYE 40 DATA SOURCE: JP MORGAN, HEDGEYE ESTIMATES

Page 41: WETF BlackBook Short Idea

HEDGEYE 41 DATA SOURCE: COMPANY RELATED DATA

Page 42: WETF BlackBook Short Idea

HEDGEYE 42 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE, HEDGEYE ESTIMATES

Page 43: WETF BlackBook Short Idea

HEDGEYE 43 DATA SOURCE: COMPANY RELATED DATA, HEDGEYE ESTIMATES

Page 44: WETF BlackBook Short Idea

HEDGEYE 44 DATA SOURCE: COMPANY RELATED DATA, HEDGEYE ESTIMATES

Page 45: WETF BlackBook Short Idea

HEDGEYE 45 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

Page 46: WETF BlackBook Short Idea

HEDGEYE 46 DATA SOURCE: FACTSET

Page 47: WETF BlackBook Short Idea

HEDGEYE 47

OLD FORMAT = $800/SQUARE FT NEW FORMAT = $1,300 SQ FT

DATA SOURCE: FACTSET

Page 48: WETF BlackBook Short Idea

HEDGEYE 48 DATA SOURCE: BLACKROCK, ETF.COM

Page 49: WETF BlackBook Short Idea

HEDGEYE 49 DATA SOURCE: MORNINGSTAR DIRECT, BLOOMBERG

Page 50: WETF BlackBook Short Idea

HEDGEYE 50 DATA SOURCE: COMPANY DATA, WISDOMTREE, BLOOMBERG

Page 51: WETF BlackBook Short Idea

HEDGEYE 51 DATA SOURCE: MORNINGSTAR DIRECT, BLOOMBERG

Page 52: WETF BlackBook Short Idea

HEDGEYE 52 DATA SOURCE: MORNINGSTAR DIRECT, BLOOMBERG

Page 53: WETF BlackBook Short Idea

HEDGEYE 53 DATA SOURCE: HEDGEYE, FACTSET

Page 54: WETF BlackBook Short Idea

HEDGEYE 54

OLD FORMAT = $800/SQUARE FT NEW FORMAT = $1,300 SQ FT

DATA SOURCE: SNL FINANCIAL, HEDGEYE ESTIMATES

Page 55: WETF BlackBook Short Idea

HEDGEYE 55 DATA SOURCE: SNL FINANCIAL, HEDGEYE ESTIMATES

Page 56: WETF BlackBook Short Idea

HEDGEYE 56 DATA SOURCE: DOUBLELINE FUNDS

Page 57: WETF BlackBook Short Idea

HEDGEYE 57 DATA SOURCE: DOUBLELINE FUNDS

Page 58: WETF BlackBook Short Idea

HEDGEYE 58 DATA SOURCE: BLOOMBERG

Page 59: WETF BlackBook Short Idea

HEDGEYE 59 DATA SOURCE: HEDGEYE ESTIMATES

Page 60: WETF BlackBook Short Idea