Ryan Heslop of Firefly Value Partners addressed attendees at the Sohn Conference this week and outlined his short thesis for Community Health Systems. Their idea is based on the hospital operator’s huge debt load—and its apparent practice of gouging patients. He predicts that Community will file for bankruptcy within the next few years. Q1 hedge fund letters, conference, scoops etc Interestingly, Community Health Systems stock skyrocketed on Wednesday just a couple days after Heslop presented his thesis at the Sohn Conference. As of the time of this writing, the stock is up more than 11%. History of Community Health Systems…
Firefly Is Short Community Health Systems; Ryan Heslop Predicts Bankruptcy
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.