Firefly Is Short Community Health Systems; Ryan Heslop Predicts Bankruptcy

Ryan Heslop of Firefly Value Partners addressed attendees at the Sohn Conference this week and outlined his short thesis for Community Health Systems. Their idea is based on the hospital operator's huge debt load—and its apparent practice of gouging patients. He predicts that Community will file for bankruptcy within the next few years.

Q1 hedge fund letters, conference, scoops etc

Interestingly, Community Health Systems stock skyrocketed on Wednesday just a couple days after Heslop presented his thesis at the Sohn Conference. As of the time of this writing, the stock is up more than 11%.

History of...

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