Kerrisdale Capital: ClubCorp Holdings Inc (MYCC) Has 80 Percent DownsideRupert Hargreaves
Sahm Adrangi's Kerrisdale Capital, which made a name for itself and some impressive returns for investors by shorting US-listed Chinese shell companies, has singled out ClubCorp Holdings Inc (MYCC) as its next big short target.
Kerrisdale's report on the company, which was released early this morning, singles out ClubCorp as a highly levered golf-course roll-up facing three profound challenges: a secularly declining end market, weak unit-level profitability . . .
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