Nantahala Capital Partners Long Thesis For This Trucker

Wilmot Harkey's Nantahala Capital Partners was up 8.9% for the second quarter. In their letter dated Sept. 25, which was reviewed by ValueWalk, the Nantahala team said the pandemic has created "one of the strangest economic environments in recent memory."

Q3 2020 hedge fund letters, conferences and more

They noted that unemployment has spiked amid an unprecedented public health and economic crisis. However, the market is hitting new record highs, and consumer spending has increased rather than decreased. The Nantahala team added that the uncertainty and fundamental challenges many companies are facing have combined with "buoyant" market conditions to create a "robust" capital raising environment.

Nantahala is a long / short...