Francesca's Holdings: Short Case, Very Aggressive Accounting and MoreVW Staff
Over the last several weeks, my friend @volslinger (who is short Francesca’s Holdings Corp (NASDAQ:FRAN)), has been sharing thecase for going short FRAN with longshorttrader and the public. The bet initially paid off for the shorts, as the CFO wasabruptly terminated for “improperly communicating Company information through social media.”More recently, positive earnings led to a rebound in the shares. While the thesis remains intriguing, longshorttrader currently holds no position in FRAN, and would require moreinformation and/or more reasons before initiating one. The case for selling FRAN below includes information and opinions provided by @volslinger, @longshorttrader, and others.