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Light Street Capital: Short This Failing Tech Firm, Long This Newer Tech Player (2019 Invest For Kids Conference)

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Jacob Wolinsky
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Full notes of Light Street's Jay Kahn presentation from the 2019 Invest For Kids conference. Stay tuned for more from Invest For Kids in depth 10th Anniversary Conference which took place on October 30, 2019 in Chicago. See our full coverage here.

Q3 2019 hedge fund letters, conferences and more

Canon
Pexels / Pixabay

Short Canon

Tech in structural decline. Gives several graphs of different tech. Canon is the same thing. 80% of profit pool in secular decline.

Canon is cutting price as volume falls. Declines have been accelerating.

With those industry trends you would think this stock would be trading at a wide discount to the...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.