Short Rollins, Inc. As Customers Move Away

Pest control business Rollins, Inc. is an attractive short according to Jay Van Sciver, a senior analyst at the independent research outfit Hedgeye.

Q1 hedge fund letters, conference, scoops etc

According to Sciver, who presented his bear case at the April New York Shorts summit, after an extended period of growth, Rollins is now facing rising competition in its principal commercial and residential pest control markets. Around 37% of the group's revenues come from commercial pest control and 39% from residential. The remainder is split between termite, bed bug and mosquito control — these three segments make-up around 24% of total...