Lakewood Capital has been shorting the company now known as Axon Enterprise since at least the first quarter of 2015, but unfortunately, this hasn’t been a good year to bet against the company. Axon was previously Taser International, and when Lakewood’s Anthony Bozza originally discussed it a little over three years ago, it was a hot short. Taser International short initiated in 2015 In the Q1 2015 letter for Lakewood Capital, Bozza explained why they started betting against the Taser manufacturer. At the time, Taser shares had doubled due to optimism surrounding the company’s body camera business. He argued then…
Lakewood Capital Rebuilds Short In “Tesla Like” Company
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.