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Burlington Stores: Shorting The Snapback Rally

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Burlington Stores: Shorting The Snapback Rally

BURL's gains since November aren't as illogical as they seem — but the optimism is still too much

Vince Martin
Jan 15, 2023
∙ Paid
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📍 TLDR

  • After a 40%-plus rally since November earnings, BURL seems like a slam-dunk short. Shares are trading at over 50x this year’s earnings while the business heads in the wrong direction.

  • There may…

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