A major hedge fund presented the idea to short Swedish firm Mycronic at a recent conference as was voted the most attractive idea for a small or medium sized hedge fund after his presentation on the stock at a Conference at the end of February.
According to the fund manager, Mycronic could be one of the world’s most attractive short positions thanks to its attractive risk/reward profile. The stock isn’t difficult to borrow and with a market capitalization of $1.5 billion the business is relatively large.
Short Mycronic
The main reason why the hedge fund is betting against Mycronic is the company is a lack of growth potential going forward. The firm believes the business is already at peak sales and profits...
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